Trader Eugene: Bitcoin is likely to hit a historic high, and it is expected that altcoins will experience a strong rebound

BlockBeats News: On May 10th, top trader Eugene Ng Ah Sio posted on his personal channel that although he saw the right direction before this wave of rise, his actual operation was far from satisfactory. It was hit by a volatile stop loss before the market rose. The strategy previously used to control losses also caused me to miss out on the opportunity to rise this time. This month, the market rewarded those who dared to take risks. At that time, there were almost no perfect entry opportunities, and basically you had to be confident in the rise before you could go long. Looking ahead to the future, this surge to $100000 confirms the previous support reversal of $90000. Now we must consider that the market is likely to hit a new historical high again. This was not originally expected, but funds from micro strategies and ETFs seem to be continuously flowing. By contrast, until yesterday, most veteran players in the cryptocurrency industry were still observing (or even shorting). With the expectation of a historic high reigniting market enthusiasm, it is expected that the total market value of altcoins (Total3) will experience a strong rebound and rise.