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Trader Eugene: The bearish tendency is negated by the price trend, leading to a contradictory state of trading

律动BlockBeats
律动BlockBeats|Apr 20, 2025 00:45
BlockBeats News: On April 20th, top trader Eugene Ng Ah Sio posted on his personal channel, stating, "The Bitcoin short position that opened this morning has been closed at the breakeven point, and the market has once again shown strong momentum, actually continuing to recover from the previous trading range. I have to face my bearish bias, especially during the tariff panic, when altcoins seem to have hit bottom. Currently, I am in a contradictory state: logically speaking, I believe there is a lack of momentum to continue rising, but the price trend continues to negate this judgment. Ultimately, we need to confront this deep-rooted bearish tendency Trader Eugene once said around 1am this morning, "We have re opened BTC short positions with a simple and straightforward strategy. We entered at $85400 with a target price below $80000
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Timeline

May 17, 09:57【Ethereum may have hit bottom, and the knockoff season may begin】
May 15, 08:30【Mobile profit taking and stop loss function improves trading efficiency】
May 13, 14:37【Overall sentiment cautiously bullish, expected price recovery】
May 12, 09:24【HyperliquitX's open contracts reach $6 billion】
May 10, 13:50【Inconsistent burden transferred to Bitcoin, gold, bonds】
May 08, 19:30【Bitcoin is expected to reach 1 million by 2028】
May 06, 08:26【Bitcoin rebound suppressed by bearish resistance】
May 06, 07:46【Laver, I opened 3.2 at the highest point】
May 06, 07:34【Due to the attention of the market maker, the position was closed and it is predicted to fall below $2】
May 06, 07:33【Short positions are predicted to fall below $2 after being liquidated】

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