BlockBeats news, on May 10, top trader Eugene Ng Ah Sio posted on his personal channel that although he predicted the right direction before this surge, his actual operations were far from satisfactory. He was stopped out by volatility before the market rose. The strategy he previously used to control losses also caused him to miss the opportunity for gains this time. This month, the market has rewarded those who dared to take risks. At that time, there were almost no perfect entry opportunities; basically, you had to be convinced of an upward move before going long.
Looking ahead to the market, this surge to $100,000 confirms the previous support reversal at $90,000. It is now necessary to consider that the market is likely to challenge historical highs again. This was not the anticipated situation, but funds from MicroStrategy and ETFs seem to be flowing in continuously. In contrast, until yesterday, most veteran players in the crypto space were still on the sidelines (or even shorting). With the expectation of new historical highs reigniting enthusiasm in the market, a strong rebound in the total market capitalization of altcoins (Total3) is expected.
