Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Trader Eugene: Restarting BTC short position, but the strong market forces me to re-evaluate my short-term thinking

Trader Eugene: Restarting BTC short position, but the strong market forces me to re-evaluate my short-term thinking

CointimeCointime2025/04/20 02:22
By:Cointime

On April 20th, trader Eugene stated that he has reestablished a short position in BTC near $85,400, with a target of breaking below $80,000. He had previously exited at breakeven point, but noted that the market continues to show strong momentum, gradually recovering the old range. Eugene admitted that despite logically judging the lack of further upward momentum in the market, price action continues to deviate from expectations, forcing him to confront his own negative biases. He also mentioned that various altcoins may have already bottomed out in the tariff panic.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Friday charts: The Marvin Minsky moment is here

Have markets been obsessing over the wrong Minsky?

Blockworks2025/04/26 08:00
Friday charts: The Marvin Minsky moment is here

Charles Hoskinson Reveals Exciting Plans for Lace Wallet’s XRP Functionality

In Brief Charles Hoskinson announces XRP functionality for Lace wallet. Integration aims to enhance multi-chain support and user experience. Upcoming NIGHT token distribution includes XRP holders.

Cointurk2025/04/26 08:00
Charles Hoskinson Reveals Exciting Plans for Lace Wallet’s XRP Functionality