PANews February 8 News, trader Eugene reviewed last week’s market situation and stated that from the perspective of higher time frame (HTF) market structure, the market still has obvious issues. Although Bitcoin at $60,000 can still be considered a reasonable support, he mentioned that the lesson learned from the previous cycle is: never blindly go all-in long without stop-loss protection.
Eugene pointed out that in a bull market, the market tends to be crazier than expected, while in a bear market, the declines are always more severe than anticipated. He admitted that it is currently unclear where the bottom of the bear market is, nor is it certain whether Bitcoin has already bottomed at $60,000, but emphasized that “survival is always the top priority.” He advised traders to evaluate the risk of each trade individually and to implement stop-loss strategies to prevent further downside.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UK Man Claims $172M Bitcoin Stolen, Funds Split Across 71 Wallets
A High Court case reveals the alleged theft of over $170 million in Bitcoin from a hardware wallet, raising concerns about self-custody risks. The funds, claimed by Ping Fai Yuen, were transferred without his knowledge and divided among multiple wallets. Allegations suggest involvement from the claimant's spouse, though these remain unproven. The case exemplifies challenges in cryptocurrency disputes, particularly regarding custody and personal relationships.
TodayqNews14m ago
UK Court Allows $172M Bitcoin Theft Case as Husband Accuses Wife of Stealing Crypto via CCTV
A UK court has allowed a $172M Bitcoin theft case to proceed, where a man alleges his wife recorded his wallet recovery phrase to steal 2,323 BTC. The case highlights challenges in handling crypto disputes under existing laws.
TheNewsCrypto14m ago
BlackRock transferred 567 BTC and 22,657 ETH to a certain CEX, with a total value exceeding $94 million
Gate News reports that on March 17, according to Onchain Lens monitoring, asset management firm BlackRock deposited 567 BTC to a certain CEX, valued at approximately $41.78 million, while simultaneously transferring in 22,657 ETH, valued at approximately $52.40 million. The total value of both transfers exceeded $94 million.
GateNews15m ago
Bitcoin records 8 consecutive trading days of gains, a first in nearly 4 years
Gate News reports that as of March 17, Bitcoin recorded 8 consecutive trading days of gains since March 9, marking the first occurrence in nearly 4 years. According to Glassnode data, Bitcoin has experienced at least 8 consecutive days of gains 15 times throughout history. Following these streaks, there were 9 instances of continued gains and 6 instances of declines over the next 30 days, with a median gain of approximately 19% over the 30-day period.
GateNews44m ago
South Korean Police Plan to Establish Guidelines for Seizing Privacy Coins; Virtual Assets Confiscated Over Past Five Years Valued at 545 Billion Won
The Korean National Police Agency is developing new virtual asset seizure management guidelines, incorporating handling of privacy coins for the first time. The new regulations will clarify software wallet management, address virtual asset custody gaps, and improve law enforcement efficiency. Police plan to designate private custodian institutions, while experts recommend establishing a centralized public custody mechanism to reduce risks. This reform has been prompted by recent Bitcoin theft incidents, driving the management system's transition toward the digital asset era.
区块客47m ago
