Eugene Ng Ah Sio, a prominent trader, shared his latest market insights on his personal channel, revealing a shift in the trading landscape since his last update. He observed that, contrary to expectations of a market downturn, a local bottom has formed over the past two weeks. Bitcoin (BTC) currently holds steady at $110,000, while Solana (SOL) has established a higher low with support around $200. 💰 📈 🧐
Ng Ah Sio suggests that current market trends indicate a greater likelihood of an upward trend rather than a decline, although he remains cautious about the potential to reach new highs. Despite his reservations, he’s invested in SOL again, highlighting its position as a major cryptocurrency with significant momentum.