Trader Eugene: Rational views should remain bullish, but defensive thinking makes it difficult for me to turn

律动BlockBeats
律动BlockBeats|May 28, 2025 03:44
BlockBeats News: On May 28th, top trader Eugene Ng Ah Sio posted on his personal channel, saying, "The past two months have been the most difficult trading period I - and many top traders I know - have experienced. We are facing an extremely challenging situation: on the one hand, there are sufficient reasons to maintain a bearish or defensive stance, and on the other hand, the market is extremely volatile, frequently testing traders' beliefs, resulting in most people being either repeatedly harvested or only able to watch on the sidelines throughout the entire upward trend "Fundamentally, the reasons for keeping conservative include: the tariff situation is still substantially affecting global economic growth, and the Trump administration's handling method lacks long-term clarity; the U.S. 10-year treasury bond bond yield continues to be high, suppressing the prospect of risky assets; BTC's unnatural (?) buying driven by the optimism of traditional financial retail investors drives up prices, and the emergence of imitators suggests that this strategy is about to peak. Adding to this, the market experienced the most brutal drop in altcoins in history from February to March, forming a defensive mindset that is completely understandable. Personally, although I acknowledge that I should turn bullish and maintain a bullish stance when breaking through $90000, I still find it difficult to hold onto this viewpoint. '' I often think of Cobie's viewpoint: instead of thinking about winning, it's better to make sure not to lose first - this has become my dominant strategy this year. Now I am actively taking measures to change this state, which requires a lot of energy. From market observations, it is evident that native cryptocurrency traders have not yet adopted this strategy, and most are still seeking opportunities as it is the only way to survive the last crash. But the pendulum will eventually swing back, rewarding those who dare to take risks for bigger dreams (in fact, this process has already begun). Now everyone's attention is focused on BTC, and the price is hovering around historical highs. Will we ultimately break through or will we encounter the biggest bull market trap I have ever seen
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