Eugene: Closed most long positions at take profit, will consider re-entry after breaking $100,000

BlockBeats News, January 6th, trader Eugene Ng Ah Sio announced in his personal channel that he has taken profit by closing most of his long positions, leaving only the core Bitcoin long position. The rebound to $94,000 was the original target. Now, the trend between $94,000 and $100,000 is uncertain. He is waiting for a breakthrough above $100,000 before reassessing the situation and reentering the market. He is satisfied with starting the new year with profits.

On December 26th, Eugene stated that he had taken long positions on Bitcoin and some small-cap altcoins. "The upside potential for going long below $90,000 is quite good, with a clear stop-loss level. I prefer to test the waters here now rather than hesitate or be at a loss when it reaches $95,000 or even $100,000. In addition, historically, January is usually a highly volatile month. I predict that as December ends, this volatility will return in some form."