According to CrypNuevo, altcoins are currently showing resilience against today's market drop. The analyst expects these cryptocurrencies to surge quickly once Bitcoin stabilizes or experiences a relief rally. CrypNuevo indicates concern only if Bitcoin loses the 1W50EMA, but otherwise views the current situation as a bullish market correction, presenting a strategic buying opportunity during dips. Source: CrypNuevo.

According to CryptoMichNL, the cryptocurrency market capitalization has likely reached its lowest point. With global liquidity on the rise, the typical bull market correction appears to be completed following a high-time-frame (HTF) retest.