Chinese Trader Announces Critical Support Levels to Prevent Major Decline in Bitcoin (BTC) and Solana (SOL) – Shares Altcoins He Completely Removed f

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Bitcoinsistemi2025/03/13 22:22

By:Mete Demiralp

Chinese cryptocurrency analyst Eugene Ng Ah Sio spoke about the latest developments in the market in his statement. Here are the details.

Chinese trader Eugene Ng Ah Sio has identified key support levels for Solana (SOL) and Bitcoin (BTC) and shared his latest market views, announcing his decision to remove Ethereum (ETH) from his portfolio.

In a Telegram group discussion, Eugene noted that SOL’s key support level is around $80, which he sees as a strong buy zone for a mean reversion trade. However, if SOL fails to maintain this level, the next major support could drop significantly to $25.

For BTC, Eugene highlighted the $74,000 to $76,000 range as a key support area. He also suggested that unless MicroStrategy sells on a large scale, $52,000 remains a solid floor. However, in the event of a major sell-off, BTC could potentially drop to $25,000.

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Additionally, the trader announced that he has removed ETH from his portfolio, signaling a cautious stance regarding Ethereum’s short-term outlook.

At the time of writing, Bitcoin is trading at $80,600.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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