Trader Eugene: Altcoins have not reached the value zone, and light positions and short-term trading are the main focus at this stage

Odaily Planet Daily News Trader Eugene wrote that since BTC has been blocked near $110,000 many times, the overall market is still in the range of $100,000 to $110,000, and altcoins have begun to stagnate and consolidate. In the absence of a new high for BTC, it is expected that the market value of Total3 will slowly fall back, and the pressure of unlocking will continue to affect the market. Dove said that it has significantly reduced the frequency of transactions, focusing only on cost-effective settings, emphasizing that stop losses must be compact and chasing is prohibited. He also published a chart pointing out that the total market value of Crypto (excluding BTC and ETH) has not yet reached the key value zone, deep value zone or extremely deep value zone, so at this stage, it will maintain light spot operations, mainly based on short-term strategies.