According to Odaily, renowned trader Eugene is continuously reassessing his bearish market position, emphasizing the importance of flexibility in market perspectives. He notes that substantial profits are often made when going long, and excessive adherence to bearish views could be a significant mistake. Eugene highlights the necessity of swiftly interpreting new information and adjusting strategies accordingly. He advises investors to avoid overconfidence in any market predictions and to make judgments based on real-time data.
Previously, Eugene pointed out that Bitcoin (BTC) still faces downside risks and might test the psychological threshold of $66,000 set by MicroStrategy founder Michael Saylor. He believes that BTC's upward trend or range has been disrupted across all time frames, with $75,000 being the final support level. Considering BTC's correlation with U.S. stocks, Eugene anticipates no short-term reversal due to statements from U.S. President Donald Trump, Bessent, or Federal Reserve Chairman Powell.