Eugene turns bullish: If bitcoin breaks through $74,000 effectively, the crypto market may see a broad rally

PANews reported on March 16 that trader "鸽子" Eugene stated on his personal channel that he has turned bullish, noting that the crypto market is showing resilience amid declining global risks. This is the first time relative strength has appeared since the drop from $60,000. Although he did not catch the bottom, he prefers to buy strength after a breakout from the consolidation range to control risk. Several altcoins are displaying natural rounded bottom patterns, and he expects a higher probability of an upward move in the crypto market in the short term. He believes that once $74,000 is effectively broken, the crypto market will rise across the board, with mainstream coins such as ETH and SOL expected to recover their previous ranges, returning to $2,400 and $100 respectively.