Trader Eugene: The crypto market has entered a new phase, suggesting that investors carefully balance risks and opportunities.

According to a message from Deep Tide TechFlow, on November 4th, trader Eugene Ng Ah Sio posted on his personal channel that he believes the current price movement aligns with the market structure's expectation of transitioning from “System 3” to “System 4”. Although Bitcoin has not yet fallen below $100,000, long positions still have hope, but he warned that the market's continued sluggishness and consolidation will further worsen the outlook.

Eugene expects the coming months to be challenging for most investors, suggesting a balance between capital preservation and avoiding excessive pessimism. He points out that, given the global risk market and macro outlook remain favorable, completely exiting the market may not be the best option.

Eugene also stated that the trend of cryptocurrency speculators turning to the global stock market may continue until this “ultimate bubble” eventually bursts. He compared the current entry into the stock market to the mid-2021 entry into the NFT market, suggesting that there may be bubble risks.