BlockBeats News, January 12 — Trader Eugene Ng Ah Sio posted on his personal channel stating, “The trading plan remains unchanged, firmly holding and waiting for an upward move.”
Previously on the 8th, Eugene mentioned, “Re-adding to my position in SOL. During this rebound, I’ve been looking for a target worth focusing on, and so far, SOL has shown the strongest relative strength among the three major mainstream coins. From a technical analysis perspective, SOL also offers one of the cleanest trading patterns, with the potential for a swing move up to $160 or even $200, provided this rally continues and Bitcoin has a chance to reach $100,000 in the future.”
He believes SOL is sufficiently “counter-consensus” — it’s often difficult for market participants to find strong reasons to go long at the moment, which is usually the best time to enter. When all reasons are laid out, the market has often already completed 50% of its move. For now, the hope is that Bitcoin can hold at $90,000; this pullback is just the first shakeout before another upward wave begins.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Beijing Professor Jiang Xueqin Claims Bitcoin May Be US Intelligence Project, Community Disputes Theory
Educator Jiang Xueqin claimed Bitcoin might be linked to U.S. intelligence agencies due to its anonymous creator and technical complexity. Critics countered that Bitcoin's decentralized and open-source nature prevents centralized control.
GateNews1h ago
Charles Schwab Launches Bitcoin and Ethereum Trading
Charles Schwab launched Bitcoin and Ethereum trading on its Schwab Crypto platform, starting with an employee pilot and expanding to a client waitlist by Q2 2026. The service targets 46 million brokerage accounts at a competitive 0.75% fee, positioning Schwab against existing crypto platforms.
CryptoFrontier1h ago
Justin Sun Announces TRON’s PQ Transition, Criticizes Bitcoin And Ethereum
Justin Sun has launched TRON’s PQ upgrade plan, positioning it as the first major blockchain to adopt quantum-resistant technology, while criticizing Bitcoin and Ethereum for their slower progress in addressing quantum threats.
Blockzeit1h ago
Bitcoin Hovers Near $75K as Whales Accumulate 270K BTC Over 30 Days, Largest Since 2013
Bitcoin nears $75,000, driven by significant whale accumulation of 270,000 BTC and low exchange reserves. Despite fluctuations and negative funding rates, it rebounded after geopolitical news, with futures inflows increasing since March.
GateNews2h ago
Zonda CEO Reveals 4,503 BTC Cold Wallet Inaccessible as Founder Remains Missing Since 2022
Zonda, a Polish cryptocurrency exchange, faces a crisis as its cold wallet containing 4,503 Bitcoin is inaccessible, prompting a surge in withdrawal requests. CEO Kral claims the private key was never transferred during the company's takeover, and authorities are investigating the situation amid bankruptcy fears.
GateNews2h ago
