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Eugene: Temporarily exit all markets, as the market is likely to decline further

Jan 23, 2026 10:20:53

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Trader Eugene Ng Ah Sio posted on his personal channel, "I don't quite understand the latest price movements this week, so I plan to wait and see for a while. From a higher time frame (HTF) perspective, the pattern doesn't look ideal, and my judgment is that the price is likely to go lower.

I originally hoped that the new year would bring enough momentum to push the price above $100,000 and catch up with other risk assets, but it now seems that this is unlikely to happen.

Temporarily stepping back from all markets, returning to real life, and once again 'touching grass'."

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