BlockBeats News, January 23 — Trader Eugene Ng Ah Sio posted on his personal channel stating, "I don’t quite understand the latest price trend this week, so I plan to wait and see for a while. From a higher time frame (HTF), the pattern is not ideal, and my judgment is that the price is likely to go lower.
I originally hoped that the new year would have enough momentum to push the price above $100,000 and catch up with other risk assets, but it now seems unlikely that this will happen.
For now, I am exiting all markets, returning to real life, and once again ‘touching grass’."
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Eugene: Temporarily exiting all markets; the market is likely to continue declining for now.
BlockBeats News, January 23 — Trader Eugene Ng Ah Sio posted on his personal channel stating, "I don’t quite understand the latest price trend this week, so I plan to wait and see for a while. From a higher time frame (HTF), the pattern is not ideal, and my judgment is that the price is likely to go lower.
I originally hoped that the new year would have enough momentum to push the price above $100,000 and catch up with other risk assets, but it now seems unlikely that this will happen.
For now, I am exiting all markets, returning to real life, and once again ‘touching grass’."