Eugene: Bitcoin may find support at $60,000; survival is paramount in a bear market; strict stop-loss orders are essential.

Trader Eugene, reviewing last week's market performance, stated that from a high-timeframe (HTF) market structure perspective, significant issues remain. While $60,000 for Bitcoin can still be considered reasonable support, he emphasized the lesson learned from the previous cycle: never blindly go all-in on long positions without stop-loss protection. Eugene pointed out that bull markets often see price movements more volatile than expected, while bear markets tend to see more severe declines. He acknowledged that the bottom of the bear market is currently unclear, as is whether Bitcoin has bottomed out at $60,000, but stressed that "survival is always the top priority." He advised traders to assess the risk of each trade individually and implement stop-loss strategies to protect against further downside.