PANews reported on March 16th that, according to trader Pigeon, the crypto market has shown resilience amidst a weakening global risk asset environment, marking the first significant sign of relative strength since Bitcoin's decline from above $60,000. He stated that he prefers buying on dips after a breakout from consolidation ranges rather than bottom-fishing to manage risk. With several altcoins exhibiting rounded bottom patterns, the probability of a short-term upward move in the crypto market has increased. If Bitcoin stabilizes above $74,000, ETH may return to the $2,400 range, and SOL may rebound to around $100.