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Analyst Eugene: The crypto market is still in a Bear Market and tends to look for shorting opportunities on alts during a Rebound.
According to ChainCatcher news, crypto analyst Eugene stated that due to the shift of price drivers in the crypto market from industry-specific to macroeconomic factors, his market judgments over the past month have not been effective. He previously believed he had keen insights into market trends, but recently feels he has deviated. Since March, his trading volume has decreased by 60-70% compared to the average, essentially at a break-even point. Eugene plans to maintain low trading volume and tight stop loss until market trends become favorable for him again. He emphasized that the macro trend of the crypto market has not changed and remains in a Bear Market. He tends to look for shorting opportunities in non-BTC alts during Bear Market rebounds, as these coins have not yet reached the depth value range.