Analyst Eugene: Although BTC may not be at the bottom at present, it has been bought around $75,000

avatar
PANews
04-07
This article is machine translated
Show original

PANews reported on April 7th that crypto analyst Eugene stated he first purchased spot BTC when the price was close to $75k, which is his first operation since clearing his main position in January. He believes that while the current price may not necessarily be the bottom, it is close to the long-term allocation interval he is satisfied with. He expects the 74-76k USD area will provide some support, and if Michael Saylor of MicroStrategy does not sell BTC, the price might stabilize at $52k; if a sell-off occurs, $25k could become the new target.

Additionally, Eugene pointed out that although market sentiment is low and panic is intensifying, prices typically do not drop in a straight line. He considers today's pre-market US stock futures dropping 5% an extreme event and worth watching for potential rebound opportunities. He plans to conduct short-term trading through BTC and SOL rebounds, while also increasing long-term positions when prices further explore downward.

BTC
0.51%
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo