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Trader Eugene: Not Currently Participating in Market Trading, Bitcoin Breakthrough is Necessary Condition for Altcoin Season

Summary: Trader Eugene Ng Ah Sio announced on his personal channel that he is currently not participating in market trading. However, he emphasized that for substantial fluctuations in altcoins to occur, it is necessary to rely on Bitcoin's upward breakthrough to drive the market. Yet, the current performance of Bitcoin has not met the expectations of ...

Trader Eugene Ng Ah Sio announced on his personal channel that he is currently not participating in market trading. However, he emphasized that for substantial fluctuations in altcoins to occur, it is necessary to rely on Bitcoin's upward breakthrough to drive the market. Yet, the current performance of Bitcoin has not met the expectations of the bulls. Previously, Eugene stated on August 14 that he had closed most of his ETH positions to significantly reduce risk exposure, as multiple warning signals were flashing before his eyes. On August 24, he expressed his belief that the bull market cycle is coming to an end, and his personal ETH trading has come to a complete halt.

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