Odaily News Trader Eugene stated that after BTC was repeatedly blocked near 110,000 USD, the market is still in a range of 100,000 to 110,000 USD, while alts have begun to stagnate and consolidate. In the absence of a new high for BTC, it is expected that the Total3 market capitalization will slowly decline, with unlocking pressure continuing to affect the market. Dove mentioned that he has significantly reduced trading frequency, only following high cost-performance setups, and emphasized that stop loss must be tight and chasing the price is prohibited.
He also released charts indicating that the total market capitalization of crypto (excluding BTC and ETH) has not yet reached the key value zone, deep value zone, or extremely deep value zone. Therefore, at this stage, he will maintain a light spot operation, primarily based on short-term strategies.
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