TechFlow, November 4 — Trader Eugene Ng Ah Sio posted on his personal channel, stating that the current price movement aligns with expectations for a market structure transition from "Regime 3" to "Regime 4". Although Bitcoin has not yet dropped below $100,000, giving bulls some hope, he warned that continued market stagnation and consolidation would further deteriorate the outlook.
Eugene expects the coming months to be challenging for most investors, advising a balance between capital preservation and avoiding excessive pessimism. He noted that given the still-favorable global risk markets and macro outlook, a complete exit from the market may not be the best choice.
Eugene also mentioned that the trend of crypto speculators shifting toward global stock markets could persist until this "ultimate bubble" eventually bursts. He compared entering the stock market now to entering the NFT market in mid-2021, suggesting potential bubble risks.
