Trader Eugene: The bottom of the strong altcoin may have appeared, but the current stage's volatility is too small and it's not the right time to enter

On March 23, trader Eugene posted a graphic on his personal channel stating that he believes the current market has entered the fifth stage depicted in the image (bull loss, coin price consolidation, volume and volatility shrinkage). In this stage, some stronger altcoins have already hit bottom, but it is still uncertain whether the global bottom for most assets has arrived.

Eugene explained that this phase is where he participates least because volatility is very small regardless of whether prices rise or fall. He will only try to pick one or two targets that he thinks are more defensive than ordinary altcoins, hoping they can perform better if his bearish judgment turns out to be wrong. But that's all there is to it.