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Eugene: Temporarily exiting all markets, as prices are likely to continue declining

2026-01-23 02:22

Odaily News: Renowned trader Eugene Ng Ah Sio stated in a personal channel post: "I don't quite understand the latest price movements this week, so I plan to observe for a while. Looking at the higher time frame (HTF), the chart pattern isn't ideal, and my judgment is that prices are highly likely to continue falling. I had hoped the new year would bring enough momentum to push prices past $100,000 and catch up with other risk assets, but now it seems this scenario is unlikely to happen. Temporarily exiting all markets and returning to real life."