#ALTS MARKET CAP ANALYSIS

ALTS market cap bounced from the horizontal support and currently, it is facing the descending trendline resistance, which is a key for bulls to break for a solid bullish confirmation. In case of a rejection and a sustained breakdown of the horizontal support, a downward move is also expected.

#BTC/USDT ANALYSIS

BTC has broken out of the descending triangle and is currently retesting above it with relatively low trading volume. Both the MA 100 and the Ichimoku cloud are providing support for the price.

A successful retest accompanied by an increase in trading volume would be a bullish confirmation. If the retest fails and the price retreats back inside the triangle, it could indicate a potential continuation of the consolidation within the triangle.