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Trader Eugene: Bearish sentiment is negated by price movement, entering a contradictory state in trading.
BlockBeats news, on April 20, top trader Eugene Ng Ah Sio posted on his personal channel, stating, "I have closed the short order on Bitcoin opened this morning at breakeven, as the market once again shows strong momentum, actually continuing to recover the previous trading range. I have to confront my bearish bias, especially during the tariff panic, as alts seem to have bottomed out. Currently in a contradictory state: logically, I believe there is a lack of momentum for further rise, but the price movement continues to negate this judgment. Ultimately, I need to face this deeply rooted bearish tendency." Trader Eugene had mentioned around 1 AM today, "I have rebuilt a BTC short order, the strategy is simple and straightforward. Get on board at $85,400, target price below $80,000."