TechFlow News, May 9: Crypto trader Eugene posted on his personal channel that, with Bitcoin hovering near $80,000, multiple market charts have already shown “bottoming” signals. He expects the real market rally to begin within approximately one week, potentially propelling numerous altcoins to break out of their current consolidation ranges. Judging by overall trading volume and open interest (OI) levels, most tokens currently require only modest marginal buying pressure to drive price increases—indicating the market remains broadly “under-allocated.” He believes the key catalyst lies in whether BTC can decisively break above the $80,000 level and thereby trigger new upward trends across major tokens including ETH, SOL, and HYPE. Eugene also expressed hope that the market will not encounter significant resistance leading to a pullback at this level.
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