Trader Reestablishes Bitcoin Short Position Amid Market Resilience

According to Odaily, trader Eugene has reestablished a short position in Bitcoin around $85,400, aiming for a decline below $80,000. Previously, Eugene exited at the breakeven point but noted the market's persistent strength as it gradually recovers previous ranges. Despite logically assessing a lack of further upward momentum, Eugene acknowledged that price movements continue to diverge from expectations, prompting him to confront his negative bias. He also mentioned that several altcoins may have bottomed out amid tariff-related fears.