Trader Eugene: I have no intention of buying the dip after BTC fell below $100,000; I will wait for the $90,000 range.

Odaily Planet Daily reports that trader Eugene wrote that BTC's drop below $100,000 is significant for two reasons: first, the last support level of the high-cycle bullish structure has been breached, with the 50-week trendline being lost for the first time since 2022; second, the $100,000 level, a strong psychological barrier, has transformed from support to resistance. He emphasized that against this backdrop, he has "no intention of buying the dip" and considers the $90,000 area as the next point of focus, with capital protection being the primary strategy at present.