Eugene: The past two months have been one of the most difficult periods for trading, and current market sentiment remains conservative

Odaily Planet Daily News Trader Eugene wrote that the past two months have been "one of the most difficult trading phases" he and many top traders have experienced. The macro fundamentals are bearish, and the market is volatile, causing most traders to be stopped out or choose to wait and see during the rise. The main risk factors he mentioned include: 1: Trade tariff issues continue to suppress global growth, and Trump's policy direction is still unclear; 2: The U.S. 10-year Treasury yield remains high, which is not conducive to the performance of risky assets; 3: Bitcoin's recent rise may be due to unnatural buying by traditional financial retail investors, coupled with an increase in imitators, or suggest the risk of strategy failure. Eugene admitted that he failed to turn bullish in time after BTC broke through $90,000, reflecting his "defensive" trading mentality in the past year, and he is also working hard to adjust. He believes that most crypto-native traders in the current market still prefer short-term strategies, and this defensive mode may soon be surpassed by "people willing to take risks." He said the key still lies in whether BTC can actually break through the previous high, or whether it will constitute "the biggest bull trap in history."