PANews reported on March 23 that trader Eugene said in his personal channel that the current market has entered the fifth stage in the figure (bullish losses, coin price consolidation, shrinking trading volume and volatility). At this stage, some stronger altcoins have reached the bottom, but it is still uncertain whether the bottom of most assets has arrived. This stage is the stage in which Eugene himself participates the least, mainly because the volatility is very small whether it goes up or down. I will only try to pick one or two targets that I think are more defensive than ordinary altcoins, hoping that they can perform better if I make a mistake in my bearish judgment, but that's all.
The tricky thing about phase 5 is that it has an uncertain duration. Personally, I don’t think it will stay in this phase as long as the previous cycle, given the lack of structural damage (no companies or projects going out of business), but this is just speculation. The crypto market may still follow the stock market for a while.
