On March 23rd, trader Eugene posted a graphic on his personal channel saying that he believes that the current market has entered the fifth stage in the chart (long losses, currency price consolidation, volume and volatility contraction). At this stage, some strong counterfeit products have reached the bottom, but it is still uncertain whether the global bottom for most assets has arrived. Eugene explained that this stage is the one in which he is least involved, mainly because the volatility is very small whether it is up or down. He will only try to pick one or two targets that he believes are more defensive than ordinary counterfeit products, hoping that if he misses his bearish judgment, they will perform better, but that's it. The tricky thing about phase 5 is that it can last any length of time. In my opinion, given the lack of structural disruption (no companies or projects going out of business), I don't think we will stay in this phase for as long as the last cycle, but that's just my guess. Cryptocurrencies may also follow the stock market for some time.