Trader Eugene Analyzes Market Strategy Amid Uncertain Bottoms
According to Foresight News, trader Eugene shared insights on his personal channel about the difficulties of identifying high time frame (HTF) market bottoms in real-time, noting that such confirmations usually come only in hindsight.
When discussing the 75K level, Eugene clarifies that he views it as a potential area for low time frame (LTF) rebounds rather than a confirmed long-term bottom. Instead of making all-or-nothing bets at key levels like 80K, 60K, 40K, or 20K, he advocates for a more cautious approach—waiting for critical ranges to be reclaimed before gradually increasing positions while managing risk.
While this method may result in missing the initial market surge, it ensures participation in the broader bull market if a bottom is established. Eugene emphasizes that capital preservation during bear markets should remain the top priority.