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On January 23, trader Eugene Ng Ah Sio announced on his personal channel: “I’m confused by this week’s latest price trends, so I plan to sit on the sidelines for now. Higher time frames (HTF) show an unideal pattern—I assess prices are most likely to decline. I’d hoped the New Year would bring enough momentum to push prices above $100,000 and catch up with other risk assets, but that scenario now looks unlikely. I’m temporarily exiting all markets, stepping back into real life and ‘touching grass’ again.”

Eugene: Temporarily exit all markets, high probability of further market downturns

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