Market Analysis Highlights Uncertainty in Bitcoin's Support Levels

A recent market review by trader Eugene highlights ongoing concerns in the high time frame market structure. According to PANews, Eugene noted that while Bitcoin's $60,000 level can be considered a reasonable support, lessons from the previous cycle caution against taking full long positions without stop-loss protection. Eugene emphasized that market behavior tends to be more volatile than expected during bull markets and more severe during bear markets. He acknowledged the uncertainty surrounding the bear market's bottom and whether Bitcoin has reached its $60,000 floor. However, he stressed that survival should always be the primary focus. He advised traders to assess the risk of each operation individually and implement stop-loss strategies to mitigate potential further declines.