Prominent cryptocurrency trader Eugene Ng Ah Sio has recommended investors take long positions in Bitcoin and select altcoins during recent market downturns fueled by geopolitical instability. The analyst views these pullbacks as strategic opportunities to accumulate assets and strengthen investment portfolios.
Ng Ah Sio observed that heightened geopolitical tensions, including reports of a U.S. military strike and the potential closure of the Strait of Hormuz, have pressured early bullish positions. This triggered a market shakeout that eliminated less committed investors from leveraged positions.
The trader highlighted Bitcoin’s price level around $95,000 as a critical technical juncture, characterizing a plunge to this threshold as the ‘final battle of the bulls.’ Ng Ah Sio emphasized that capitalizing on such volatility-driven dips represents essential portfolio positioning and risk management strategy for cryptocurrency investors.