Trader Eugene: Altcoins have not reached the value zone, and light positions and short-term trading are the main focus at this stage

Odaily News Trader Eugene wrote that since BTC was blocked near $110,000 several times, the overall market is still fluctuating between $100,000 and $110,000, while altcoins have begun to stagnate and consolidate. In the absence of a new high for BTC, it is expected that the market value of Total3 will slowly fall back, and the pressure of unlocking will continue to affect the market. Dove said that it has significantly reduced the frequency of transactions, focusing only on cost-effective settings, emphasizing that stop losses must be tight and chasing is prohibited.
He also released a chart pointing out that the total market value of Crypto (excluding BTC and ETH) has not yet reached the key value zone, deep value zone or ultra-deep value zone. Therefore, at this stage, light-position spot operations will be maintained, with short-term strategies being the main focus.