TechFlow news, on December 26, trader Eugene stated that market participation is currently low, yet the Bitcoin price has not broken below the $84,000 support level, indicating that selling pressure is nearing exhaustion. He noted that trading volume has sharply declined, and a thin order book implies that only a small number of large buyers stepping in could trigger a rapid price surge.
Eugene believes that going long below $90,000 offers a favorable risk-reward ratio, giving investors a clear invalidation reference point. He prefers entering now rather than hesitating when prices rise to $95,000 or $100,000.
In addition, Eugene mentioned that historically January tends to be a volatile month, and he expects market volatility to return as December comes to an end.
