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Trader Eugene: Currently no intention to buy the dip, 90,000 USD will be the first follow area.
According to BlockBeats news, on November 14, trader Eugene Ng Ah Sio posted in his personal channel stating, “Bitcoin has finally lost the $100,000 mark, mainly for two reasons: 1. This is the last defense line for high cycle long positions to maintain the bull run structure. The 50-week trend line has been officially broken for the first time since this cycle began in 2022. 2. $100,000 is a very strong psychological barrier. After being defended 3-4 times, it has finally been lost, and now it will be seen as a new resistance level. Based on the above situation, I have no interest in buying the dip this time, and will consider just above $90,000 as the first follow area. It's time to go into defense mode again.”