Trader Eugene: Ethereum/Bitcoin 0.04 target achieved, bull run may come to an end.

[Coin World] On August 24, trader Eugene Ng Ah Sio posted that it seems we are at the end of the bull run cycle that began in January 2023—I expect this phase will not last more than a few months, as every marginal buyer globally has in some way turned towards and purchased Crypto Assets, with Bitcoin and Ethereum now reaching all-time highs. The target I set for the Ethereum/Bitcoin Exchange Rate at 0.04 has also been achieved, which for me means that ETH trading is essentially over. I will no longer take an offensive strategy—no more large Martingale momentum trading, and the focus of the strategy will shift from capital accumulation to capital preservation. I will likely miss out on any subsequent crazy market conditions, but that's okay, as these fluctuations no longer fit my trading system. This does not mean I have cleared all positions and taken the opposite position to short (on the contrary, I still hold long positions), but the size of my net position has been significantly reduced. I will use the mNAV indicator of the crypto treasury reserve company as a signal for when to strongly re-enter the market, expecting that when this cycle is completely over, most DAT trading prices will be below 1 times mNAV. We have experienced a decent market, and now it's time to return to real life.