In terms of the current situation, the magnitude of the price correction may be approaching its end, and the key point lies in the duration of consolidation at this price level.
Naturally, the most extreme scenario is that the price breaks through the established range and directly dips to the blue trendline, although the likelihood of such an occurrence is relatively small.
Speaking of the price decline of altcoins, I have always believed it remains within a reasonable range, as the price volatility of altcoins is inherently quite severe. After this large-scale market adjustment, many altcoins are still in the process of market correction, and market sentiment will also have an effect and influence on their price trends.
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