Top Trader Eugene Ng Ah Sio Urges Buying the Dip in Bitcoin Amid Geopolitical Turmoil

Top trader Eugene Ng Ah Sio recently shared his market insights, emphasizing a strategic long position in Bitcoin and select altcoins. He highlighted that recent geopolitical tensions, including a U.S. military strike and the subsequent closure of the Strait of Hormuz, have exerted significant pressure on early market bulls. This sequence of events has triggered a shakeout of less committed investors, presenting a potential buying opportunity for seasoned traders. Eugene’s analysis underscores the importance of capitalizing on market dips to strengthen portfolio positions.

According to Eugene, a sharp market decline to the $95,000 level would represent a critical juncture, signaling a decisive moment for bullish momentum. He characterizes this phase as the “final battle of the bulls,” indicating that the current market conditions demand careful positioning and risk management. His commentary provides valuable perspective for investors navigating the volatile crypto landscape amid evolving global events.

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