$BTC officially broke through the 100,000 mark

Legendary trader Pigeon Eugene, who is bearish on the cryptocurrency market, has expressed his latest views on the market:

He believes that Bitcoin has officially broken through the bull-bear divide, and as of today, the bull market is completely over. These market signals are appearing for the first time in 22 years.

Previously, Bitcoin had held strong at the 100,000 level 3 or 4 times, but this time it has completely broken through, and it will now become a resistance level for upward movement.

For the reasons mentioned above, in the current price range, he will not consider bottom fishing, but will regard Bitcoin at 90,000 USD as the next support range to focus on.

Starting today, he has officially entered defense mode.