Eugene on Trader Dilemmas: How to Survive Market Uncertainty

In early February, experienced trader Eugene Ng Ah Sio shared his perspective on the current market situation, addressing critical issues that concern crypto analysts. His analysis, highlighted by BlockBeats, reveals a comprehensive approach to risk assessment amid high volatility. Eugene emphasized that understanding the market requires analyzing structures over longer timeframes, not just short-term fluctuations.

Technical Outlook: Support at $60,000 and Signs of Caution

A key point of the analysis was the evaluation of technical support levels. $60,000 remains a relatively logical level; however, Eugene warned about the risks of aggressive long positions without clear stop-loss points. The market shows signs of trouble that require careful monitoring. This means that even attractive entry points could be premature without proper risk management.

Lessons from History: Why Bear Market Cycles Are Especially Dangerous

Drawing on practical experience, Eugene highlighted an important pattern: bull markets often exceed analyst and investor expectations, while bear cycles tend to deepen well beyond initial forecasts. This observation has practical significance — optimistic scenarios during a market decline can lead to excessive losses. Uncertainty about whether the current downturn has already reached its bottom and whether the $60,000 level holds calls for particular caution.

Survival Strategy: Prioritizing Protection Over Profit

Eugene’s core approach is to prioritize survival over maximizing profits. He recommends treating each trading opportunity as an independent decision rather than part of a long-term plan. Implementing clear loss-limiting mechanisms becomes not just a recommendation but a necessity to mitigate further declines. According to the trader, this conservative approach helps preserve capital amid market uncertainty and prepares for recovery.