Trader Eugene: The bulls have not completely lost their ground yet, and the overall global risk market and macro outlook remain positive

Trader Eugene Ng Ah Sio posted on his personal channel, stating, "Jokes aside, the current price action (PA) aligns with my expectations of the market structure transitioning from Regime 3 to Regime 4. The evolution of events takes time, and Bitcoin hasn't dropped below $100,000 yet, so the bulls haven't completely lost ground.

However, the slower the decline and the longer the price stays in this range, the worse the outlook will be. I believe the next few months will be tough for most of us. We must find a balance between preserving capital and not falling into excessive bearishness.

Of course, completely disconnecting and exiting the market is not the best choice—after all, the overall global risk markets and macro outlook remain positive.

The trend of crypto speculators flowing into global stock markets is likely to continue until that 'ultimate bubble' bursts. But I think entering the stock market now is like buying NFTs in mid-2021. In this dilemma, we can only rely on poetry to guide us through the stars."