Eugene: The past two months have been one of the most difficult periods for trading, and current market sentiment remains conservative

Odaily News Trader Eugene wrote that the past two months have been "one of the most difficult trading periods" he and many top traders have experienced. The bearish macro fundamentals, coupled with the volatile market, have caused most traders to be stopped out during the rise or choose to wait and see.
The main risk factors he mentioned include:
1: Trade tariffs continue to suppress global growth, and Trump’s policy direction remains unclear;
2: The U.S. 10-year Treasury yield remains high, which is not conducive to the performance of risky assets;
3: The recent rise in Bitcoin may be due to unnatural buying by traditional financial retail investors, coupled with an increase in the number of imitators, which may indicate the risk of strategy failure.
Eugene admitted that he failed to turn bullish in time after BTC broke through $90,000, reflecting his "defensive-oriented" trading mentality in the past year, and he is also working hard to adjust.
He believes that most crypto-native traders in the current market still prefer short-term strategies, and this defensive mode may soon be surpassed by "those willing to take risks." He said that the key still lies in whether BTC can really break through the previous high, or whether it will constitute "the biggest bull trap in history."