[Trader Eugene: $60,000 remains a relatively reasonable support level for Bitcoin, but it is uncertain whether the bottom has been reached] BlockBeats News, February 8, trader Eugene Ng Ah Sio posted on his personal channel, stating, 'Taking a step back to look at the events of the past week, from the perspective of high time frame (HTF) market structure, it is clear that the market has encountered issues. Although $60,000 remains a relatively reasonable support level, one thing I learned from the previous cycle is: do not go all-in aggressively long without a clear invalidation level. In a bull market, the trend often becomes crazier than you expect; and in a bear market, things always turn out worse than you imagine. I do not know where the bottom of this bear market is, nor am I certain whether we have already bottomed at $60,000, but surviving is always the most important thing. Treat every trading opportunity as an independent decision and set stop-losses to guard against the market moving further downward than it currently has.'