Eugene: Long on Bitcoin and some small-cap altcoins

BlockBeats News, December 26th, trader Eugene Ng Ah Sio posted on his personal channel that he has gone long on Bitcoin and some small-cap altcoins. Now almost everyone is taking a break for the holidays, even the big whales are on the sidelines and not taking the bait. The price did not manage to effectively drop below $84,000. The entire market's trading volume has completely collapsed, and the sellers are quite exhausted.

As long as a few large buyers enter the market, the thin order book will be easily torn apart. "The upside potential for a long position below $90,000 is quite good, with a clear stop-loss level. I would rather probe here now than hesitate and be indecisive at $95,000 or even $100,000. In addition, January has historically been a very volatile month, and as December ends, I bet this volatility will return in some form."

On December 19th, Eugene posted that most altcoins have reached the end of their decline, while mainstream coins may still have room for further decline.