China's Crypto Strategy: Bitcoin and Solana Trading Insights Revealed by Top Trader
by aria-crypto.com
March 13, 2025 at 21:05
China's Crypto Strategy: Bitcoin and Solana Trading Insights Revealed by Top Trader
Chinese trader Eugene Ng Ah Sio has pinpointed crucial support levels for Bitcoin (BTC) and Solana (SOL) amid his strategic portfolio adjustments. He noted the essential support for Solana is at approximately $80, suggesting it's a key buy zone; below this level, the next substantial support could plummet to $25. For Bitcoin, he identified the $74,000 to $76,000 range as significant, with a firmer support at $52,000 unless faced with major sell-offs from entities like MicroStrategy. In such a case, Bitcoin could drop as low as $25,000. In his recent moves, Eugene excised Ethereum (ETH) from his investment portfolio, signaling his bearish sentiment towards its immediate future. This decision comes as Bitcoin currently trades around $80,600, painting a dynamic landscape for cryptocurrency traders and investors.
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