Trader Eugene: The next support level for BTC is at $85,000, the market is starting to panic
Golden Finance reports that trader Eugene Ng Ah Sio posted on social media, stating that this is when most people start to panic for the following reasons:
· BTC, ETH and SOL are retesting the low range of December 5th, and the market is beginning to accept the fact that these support levels may not hold.
· The next support level for BTC is at $85,000, which is very far away.
· People's psychological dependence on the "January bull market" has begun to weaken. Most people realize that their unsold assets have already gone through a full cycle of ups and downs. They begin to suffer losses and find out they no longer like their held coins as much during significant market downturns. Not only have they completely given back their profits but also found themselves less fond of their holdings in times of sharp market declines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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