We've experienced a significant drop, with $62,400 being an excessively low level. Given this scenario, altcoins are unlikely to fare well. Our priority now is to establish our old support of $62,800 as our resistance.
This resistance is crucial, as its breach would signify a positive shift. Regarding altcoin recovery, we should aim for $63,550. Once this level is reached, BTC will stabilize temporarily, and altcoins will likely begin to improve.