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Trader Eugene: Currently no intention to buy the dip, 90,000 USD will be the first follow area.

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According to BlockBeats news, on November 14, trader Eugene Ng Ah Sio posted in his personal channel stating, “Bitcoin has finally lost the $100,000 mark, mainly for two reasons: 1. This is the last defense line for high cycle long positions to maintain the bull run structure. The 50-week trend line has been officially broken for the first time since this cycle began in 2022. 2. $100,000 is a very strong psychological barrier. After being defended 3-4 times, it has finally been lost, and now it will be seen as a new resistance level. Based on the above situation, I have no interest in buying the dip this time, and will consider just above $90,000 as the first follow area. It's time to go into defense mode again.”

BTC-6.67%
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GateUser-5d1731b2vip
· 1h ago
HODL Tight 💪
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