[Trader Eugene: $60,000 is still a relatively reasonable support level for Bitcoin, but it’s uncertain if the bottom has been reached] BlockBeats News, February 8 – Trader Eugene Ng Ah Sio posted on his personal channel, stating, 'Taking a step back to look at what has happened over the past week, from the perspective of high time frame (HTF) market structure, it’s clear that the market has shown some issues. While $60,000 remains a relatively reasonable support level, one thing I learned from the last cycle is: don’t go all-in aggressively long without a clear invalidation level. In a bull market, the price action often gets crazier than you expect; and in a bear market, things always turn out worse than you imagine. I don’t know where the bottom of this bear market is, nor am I certain if we’ve bottomed out at $60,000, but surviving is always the most important thing. Treat every trading opportunity as an independent decision and set stop-losses in case the market continues to deteriorate beyond its current state.'