Trader Eugene: The longs have not completely surrendered yet, with overall global risk markets and macro outlook still leaning positive

BlockBeats News, November 4th, trader Eugene Ng Ah Sio posted on his personal channel, stating, "Jokes aside, the current Price Action (PA) aligns with my expectation of the market structure transitioning from Regime 3 to Regime 4. The evolution of things takes time, and Bitcoin has not yet dropped below $100,000, so the bulls have not completely lost ground.

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

Of course, a complete disconnection and a total exit are not the best options—after all, the global risk market and the overall macro outlook are still positive.

The trend of crypto speculators flowing into the global stock market is likely to continue until that 'omega bubble' bursts. But I think entering the stock market now is like buying NFTs in mid-2021. At this crossroads, only by borrowing poetic guidance can we navigate among the stars."