Challenges in Trading Amid Uncertain Economic Conditions

According to Odaily, trader Eugene has described the past two months as one of the most challenging trading periods for himself and many top traders. The macroeconomic fundamentals have been bearish, coupled with significant market volatility, leading most traders to either be stopped out during price increases or choose to remain on the sidelines. Eugene highlighted several key risk factors affecting the market: ongoing trade tariff issues continue to suppress global growth, with U.S. President Donald Trump's policy direction remaining unclear; the high yield of the U.S. 10-year Treasury bond is unfavorable for risk assets; and the recent rise in Bitcoin may be driven by unnatural buying from traditional financial retail investors, along with an increase in imitators, which could indicate a risk of strategy failure. Eugene admitted that he failed to switch to a bullish stance after Bitcoin surpassed $90,000, reflecting his defensive trading mindset over the past year, which he is now working to adjust. He believes that most native crypto traders in the current market still favor short-term strategies, and this defensive approach may soon be surpassed by those willing to take risks. He emphasized that the key lies in whether Bitcoin can truly break past its previous highs or if it will form "the largest bull trap in history."