Trader Eugene: The bottom of strong alts may have appeared, but the current stage of Fluctuation is too small to get on board.

BlockBeats news, on March 23, trader Eugene posted a graphic in his personal channel indicating that he believes the current market has entered the fifth stage shown in the picture (long positions are losing, coin prices are consolidating, and trading volume and fluctuation are shrinking). In this stage, some stronger alts have reached the bottom, but it is still uncertain whether the global bottom for most assets has been reached. Eugene explained that this stage is the one where he participates the least, mainly because the volatility is very small regardless of whether it is a pump or a fall. He will only try to pick one or two targets that he believes are more defensive than typical alts, hoping that if he is wrong in his bearish judgment, they can perform better, but that’s it. The tricky part of the fifth stage is that it can last for any length of time. In my opinion, considering the lack of structural damage (no companies or projects have gone bankrupt), I don’t think we will stay in this stage as long as we did in the last cycle, but that’s just my guess. Crypto Assets may still follow the stock market trends for a while.