Trader Eugene: Bitcoin is very likely to test its all-time high, with altcoins expected to experience a strong rebound

May 10th. Renowned trader Eugene Ng Ah Sio took to his personal channel and stated that although he accurately predicted the direction of this recent price surge, his actual trading execution fell short. He was forced out by the volatility and placed a stop-loss before the market began to rise. The risk control strategy he had previously employed to manage losses also led him to miss out on this upward opportunity. This month, the market has rewarded those who had the courage to take risks. At that time, there was hardly a perfect entry point, and essentially, one had to be confident in the upward movement before going long. Looking ahead, this rise to $100,000 has validated the previous support reversal at $90,000. Now, we must consider that the market is likely to once again test its all-time high. This was not the anticipated situation, but funds from MicroStrategy and ETFs seem to be continuously flowing in. In contrast, until yesterday, most of the veteran players in the crypto market were still on the sidelines (some even in a short position). As the expectation of a new all-time high rekindles the market's enthusiasm, it is expected that the total market capitalization of altcoins (Total3) will experience a significant rebound.