Trader Eugene: The longs have not completely surrendered yet, with overall global risk markets and macro outlook still leaning positive

On November 4th, trader Eugene Ng Ah Sio shared on his personal channel, saying, "Just kidding aside, the present Price Action (PA) is in line with my anticipation that the market structure is transitioning from Regime 3 to Regime 4. The development of things requires time, and Bitcoin has not yet dropped below $100,000, so the bulls still have a certain foothold. However, the slower the decline and the longer the price remains in this range, the more unfavorable the outlook becomes. I believe the next few months will pose challenges for most of us. We must strike a balance between safeguarding capital and avoiding getting trapped in a bear market. Of course, a complete disconnection and a total withdrawal are not the optimal choices - after all, the global risk market and the overall macro outlook are still positive. The trend of crypto speculators flowing into the global stock market is likely to persist until that 'omega bubble' bursts. But I think entering the stock market at this time is similar to buying NFTs in mid-2021. At this critical juncture, only by drawing on poetic inspiration can we navigate among the stars."