Trader Eugene: The bottom of strong counterfeit currencies may have appeared, but low volatility at the current stage is not the right time to enter

BlockBeats news: On March 23rd, trader Eugene posted a graphic on his personal channel stating that he believes the current market has entered the fifth stage in the chart (long losses, price consolidation, shrinking trading volume and volatility). At this stage, some strong altcoins have reached their bottom, but it is still uncertain whether the global bottom for most assets has arrived. Eugene explained that this stage is the stage in which he participates the least, mainly because the volatility is very low regardless of whether it rises or falls. I will only try to select one or two targets that I believe are more defensive than ordinary altcoins, hoping that if I make a mistake in my bearish judgment, they can perform better, but that's all. The tricky part of the fifth stage is that it may last for any length of time. In my opinion, considering the lack of structural damage (no companies or projects going bankrupt), I don't think we will stay in this stage for as long as the previous cycle, but that's just my guess. Cryptocurrencies may continue to follow stock market trends for a period of time.