Trader Eugene: Most of the long orders have been closed, locking in profits and preparing for the next round of opportunities

BlockBeats news, on July 22nd, trader Eugene Ng Ah Sio posted on his personal channel, stating that he has withdrawn from most of his long positions, and Ethereum has risen from $2500 to $3800. Being able to break out of this trend within two weeks is already the best result I can ask for. I think the 'easy' part of this transaction has been completed, and if we want to continue holding, we need to invest more psychological resilience in breaking through historical highs. I have never been good at chasing momentum trading, so I leave this part to those who are good at it. From the perspective of position, the market has shifted from 'insufficient position' to 'excessive position', with institutional buyers significantly increasing their positions in the past few days. ETHBTC has also just hit my mid-term target of 0.03, indicating that the entire trading logic has been almost perfectly executed. Now I choose to lock in profits and prepare for the next round of opportunities