Bitcoin Holds Steady, Altcoins Position for Potential Bounce

Bitcoin has maintained its stability, while altcoins have created conditions for potential bounces. The cryptocurrency's price remains strong above the daily TBO Cloud and is not expected to be significantly impacted by a new support fan line that comes into play this week.

The author of the analysis expects many altcoins to bounce back by the end of the week, with some potentially extending their gains if Bitcoin holds steady over the weekend. The dominance of stablecoins, specifically USDT and USDC, is also seen as a potential area for a bullish bounce due to lower lows in the chart while the Relative Strength Index (RSI) has higher lows.

The altcoin market cap remains strong, with OTHERS.D, which measures market share outside the top 10, still holding above its long-term resistance line. The author is bullish on this asset and views a pullback to its Fast line as an opportunity for dip-buying.