Trader Reflects on Market Challenges Amid Uncertain Conditions

On February 8, trader Eugene Ng Ah Sio shared insights on his personal channel regarding recent market developments. According to BlockBeats, Ng Ah Sio emphasized the importance of evaluating market structures from a high time frame perspective, noting that the market has shown signs of trouble. While $60,000 remains a relatively reasonable support level, Ng Ah Sio cautioned against aggressive long positions without clear invalidation points. He highlighted lessons learned from previous cycles, where bull markets often exceed expectations and bear markets tend to worsen beyond predictions. Ng Ah Sio admitted uncertainty about the current bear market's bottom and whether the $60,000 level has been reached. He stressed the importance of survival and advised treating each trading opportunity as an independent decision, with stop-loss measures in place to mitigate further market declines.