Trader Eugene: Long positions have not completely fallen yet; the global risk market and macro outlook overall remain positive.

On November 4th, trader Eugene Ng Ah Sio posted on his personal channel, stating, “Jokes aside, the current price movement (PA) aligns with my expectations for the market structure transitioning from the third phase (Regime 3) to the fourth phase (Regime 4). The evolution of events takes time, and Bitcoin hasn't fallen below $100,000 yet, so long positions haven't completely lost ground. However, the slower the decline and the longer the price stays in this range, the worse the subsequent 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 market and macro outlook remain positive. The trend of crypto speculators flowing into global stock markets is likely to continue until that “ultimate bubble (omega bubble)” bursts. But I think entering the stock market now is like buying NFTs in mid-2021. In this dilemma, we can only use poetry to guide us on our journey among the stars.”