Top trader switches to long position, sees rally if BTC breaks $74K

Eugene Ng Ah Sio, known as a top trader on Binance Futures, announced on his Telegram channel that he has switched to a long position. He explained that cryptocurrencies are showing relative strength amid global macroeconomic uncertainty and are attempting to break through key resistance levels. Sio noted this is the first time the crypto market has shown such strength since Bitcoin's drop to $60,000. While he did not buy at the absolute bottom, he believes that going long after a period of range-bound trading minimizes risk. He also pointed out that many altcoins are forming classic "rounded bottoms" patterns. Sio predicted that a full-blown rally could begin if BTC breaks through $74,000, which could see Ethereum (ETH) recover to $2,400 and Solana (SOL) to $100.