Trader Eugene: Restarted BTC Short Position, But Strong Market Forces Me to Reevaluate Bearish Bias
Trader Eugene stated he has reestablished a BTC short position near $85,400, aiming for a drop below $80,000. He previously exited at breakeven but noted that the market continues to demonstrate strong momentum, gradually recovering former ranges. Eugene admitted that while logically, the market seems to lack further upward momentum, the price performance continues to deviate from expectations, forcing him to confront his bearish bias. He also mentioned that various altcoins may have already bottomed out amid tariff panic.
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.
You may also like
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Trending news
MoreCrypto prices
More








