Eugene: Long on Bitcoin and some small-cap altcoins

Trader Eugene Ng Ah Sio posted on his personal channel that he has gone long on Bitcoin and some small-cap altcoins. Now almost everyone is on holiday, even the big sharks are watching from the sidelines and not biting much, with the price of Bitcoin not effectively breaking below $84,000. The overall market volume has completely collapsed, and sellers are quite exhausted.

As long as a few big buyers enter the market, the thin order book can be easily torn apart. "There is quite a good upside potential for going long below 90k, with clear stop-loss levels. I would rather test the waters here now than hesitate and be at a loss when it gets to 95k or even 100k. Additionally, January is historically a month with a lot of volatility, and I bet that as December ends, this volatility will return in some form."