$BTC dominance haven't yet broke out weekly 20sma. And so far from week timeframe that remains bear re-test that can lead to further correction.

For alts same means that if BTC.D stop here, everything will pump. If it breaks out and get rejected - everything dips and then pump. The only scenario when everything dies, is when BTC.D pumps and start trading above Week 20sma. That will lead to hard crypto winter.