Chinese Trader Who Was Previously Bullish on Bitcoin and Altcoins Has Revealed His Future Plans

Eugene Ng Ah Sio, a well-known trader in the cryptocurrency market, stated in his latest assessment that trading conditions in 2026 have been more challenging than expected, and that he has changed his strategy.

In a post on his personal channel, the experienced trader stated that all his positions had reached their stop-loss levels, arguing that he had learned a lesson from this process and needed to adopt a more patient approach by reducing the frequency of his trades.

Ng Ah Sio’s statement contrasts with his previous relatively optimistic assessments of the markets. Indeed, in a post on March 16th, the trader announced he had shifted his position to “long,” noting that the cryptocurrency market was exhibiting relative strength despite the general weakness in global risky assets. He interpreted this as one of the first significant signs of recovery following Bitcoin’s sharp decline.

The trader, also touching on critical levels regarding the market’s direction, suggested that a widespread rally could begin if Bitcoin permanently surpasses the $74,000 level. In this scenario, he expects major crypto assets, especially Ethereum and Solana, to return to their previous trading ranges. He identified $2,400 as a target for ETH and $100 for SOL.

*This is not investment advice.