According to Foresight News, trader Eugene shared insights on his personal channel about the challenges of identifying high time frame (HTF) market bottoms in real-time. He emphasized that such confirmations are often only possible in hindsight. When Eugene mentions the 75K level as an area of interest, he refers to potential low time frame (LTF) rebounds rather than a definitive long-term bottom.
Eugene suggests that instead of making all-or-nothing bets at key levels like 80K, 60K, 40K, or 20K, a more prudent approach is to monitor when critical ranges are reclaimed and gradually increase positions while managing risk. Although this strategy might mean missing the initial market surge, it allows for participation in the entire bull market if a bottom is established. The primary focus, he notes, should be on capital preservation during bear markets.