$BTC is anticipated to move sideways around the hard support of $25,000 for a few weeks, followed by a rally to the range of $27,000 to $29,000. This trend is expected to be mirrored in the recovery pattern of the majority of Altcoins. The support zone around $25,000 displays notable strength, as it previously witnessed substantial demand from institutional investors and long-term holders. This level has undergone multiple tests in the past before yielding. Many current Altcoins have either breached the lows of late 2022 or established a floor in early 2023. After experiencing a significant decline from April until now, the prolonged four-month decrease in Altcoin prices appears quite extensive. A plausible scenario involves a rebound followed by subsequent declines, offering a more reasonable trajectory.
On the 1-day timeframe, USDT.D has formed a price wedge, currently positioned at the upper boundary of this wedge. The width of the wedge is still quite significant. When this is considered alongside the $BTC chart above, a more plausible scenario suggests a retracement followed by a continuation of movement within the wedge. If USDT.D experiences a decrease in value, it could potentially lead to a recovery in both BTC and altcoins.
All of this is just personal opinion, DYOR.