Seasoned trader Eugene Ng Ah Sio has reaffirmed his bullish stance on Bitcoin following its recent rebound from the $112,000 support level, citing potential short-term opportunities amidst ongoing market fluctuations. His analysis indicates confidence in Bitcoin’s resilience after successfully navigating the cryptocurrency’s volatile price action.
Ng Ah Sio projects Ethereum will climb toward the $3,800 to $4,000 range in the near term, presenting tactical entry points for traders. This forecast suggests Ethereum could challenge key resistance levels if current momentum holds.
Despite these optimistic technical indicators for both leading cryptocurrencies, Ng Ah Sio cautioned that persistent market uncertainty warrants careful risk management. His outlook underscores the need for measured optimism despite promising short-term trading setups.