Chinese Trader Shared His Plans After the Last Bitcoin Surge!

Famous trader Eugene Ng Ah Sio signaled a significant change in market outlook after Bitcoin's (BTC) rise above $90,000. In a post shared on his personal channel, Eugene stated that "the downward trend has fundamentally reversed" and that he plans to explore long positions in altcoins as the market sentiment shows signs of revival.

Eugene said, "Bitcoin has surpassed 90,000 dollars and the price has climbed to my wall of concern" and added, "If this situation continues, I will look for long positions in altcoins. Fanatic market sentiment will rebound in various altcoins, and I will dive deeper again."

This tone change came shortly after Eugene announced that he closed his short Bitcoin position at breakeven. Acknowledging the renewed strength of the market, he pointed out that the previous trading range had recovered and admitted that the ongoing rally forced him to reassess his earlier downward trend stance.

"Especially during the customs tariff panic, I have to face my downward trend when altcoins seem to have hit rock bottom," he said, adding: "I am currently in a contradiction: logically, I think there is a lack of momentum for continuous growth, but the price trend continues to reject that judgment."

Despite his doubts about the sustainability of the rally, Eugene stated that he would remain cautious while maintaining his clear position for now.