Odaily News Trader Eugene posted on social media that he has cleared all long positions (except for some BTC) and started shorting some altcoins. He believes that the impact of the situation in the Middle East has come to an end and the overall market trend is still weak.
He pointed out that the rebound of BTC from $99,000 to $106,000 has been completed, and the market will return to its previous operating rhythm. At the current stage, he will adopt a "long BTC, short Shanzhai" trading strategy to deal with the market outlook.