"This is the correction in the market we were talking about yesterday. Alt-coins are heading to support levels however $BTC is still strong. The analytical signal here is bounce.

In event of a bounce, $BTC will leap towards $50k nd similar trend will follow in the alt coins though might not be as strong as Bitcoin.

However if the decline continues, the next support levels for $BTC will be $38k"

~Bombolo market analyst.