Trader Eugene Ng Ah Sio Emphasizes Technical Analysis Amid Market Volatility

According to BlockBeats, top trader Eugene Ng Ah Sio recently shared insights on his personal channel, highlighting his preference for technical analysis over fundamental reasoning in trading decisions. Ng Ah Sio explained that the constant changes in market dynamics make it challenging to rely on fundamental analysis. He noted that while Bitcoin's performance might correlate with gold today, it could align with a leveraged S&P index tomorrow. Ng Ah Sio acknowledged the difficulty in predicting future trends and expressed caution against investing heavily based on current bullish perspectives. He stated that if forced to make a choice, he would neither invest in gold nor short the S&P index. Instead, he opts to maintain a neutral position, hedging his portfolio and allowing price movements to guide his strategy.