⭐⭐The Trader Who Lost 1.1 Million Dollars in the Last Drop in Bitcoin Explained What He Did Wrong ⭐⭐

Famous cryptocurrency trader Eugene Ng Ah Sio announced in his last post on social media that he closed all trading positions, stating that he had doubts about the market's ability to maintain the $ 60,000 level.

Ng emphasized that he experienced larger declines in spot trading due to two declines in continuous contracts and recent price movements. His lack of discipline in trading ETHBTC and prematurely closing his BTC short position led to a total loss of $1.1 million on both trading pairs.

"Although I was able to avoid some losses, I decided to open a long position yesterday following Friday's market crash. However, the market did not reward this decision and the spot price continued to fall towards $60,000," Ng said.

Ng noted that there are increasingly unknown variables in the market, and the risk-reward ratio of buying support is often better than chasing momentum. However, he stated that he was not sure whether the $60,000 level would hold.

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