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Renowned trader Eugene recently updated his market outlook. After a week of silence, he decided to increase his positions — he has already allocated funds in Bitcoin and is also selecting a few small-cap coins.
His logic is straightforward: Bitcoin has not effectively broken below the $84,000 mark, and currently everyone is on the sidelines with insufficient trading volume. He believes that once large funds start to buy in, the price could be easily driven higher.
More importantly, Eugene is optimistic about seasonal factors. Historically, January has been a volatile month, and with December coming to an end, he believes a new trading cycle is brewing. This wave of market activity may soon pick up again.