Trader Eugene: Stronger altcoins have reached the bottom, but it is still unclear whether the bottom of most assets will arrive

PANews March 23 news, trader Eugene said on his personal channel that the current market has entered the fifth stage in the chart (long losses, currency price consolidation, trading volume and volatility shrinkage). At this stage, some of the stronger altcoins have reached the bottom, but it is still uncertain whether the bottom of most assets has arrived. This stage is the stage where Eugene himself participates the least, mainly because the volatility is very small regardless of whether it rises or falls. I will only try to pick one or two targets that think are more defensive than ordinary altcoins, hoping that they will perform better if they make mistakes in their bearish judgments, but that's all.

The tricky part of the fifth stage is the uncertain duration. Personally, given the lack of structural damage (no company or project collapse), it will not stay at this stage as long as the previous cycle, but this is just a personal guess. The crypto market may follow the stock market trend for some time.