Analysts: The level of resistance that supports the entire altcoin market cap is starting to look weak

Due to the higher systemic risk of altcoin compared to bitcoin, the gain / loss of altcoin investors is higher than that of BTC in the trend market. Technically, the level of resistance that supports the entire altcoin market value has started to look weak. Chart analyst Immortal Technique tweeted that so far, the market value of BTC looks good, but once this trend line is recovered, it is not good for altcoins. At present, the market value of BTC is below the 50-week moving average, which is good for altcoins. However, if BTC regains its dominant position and returns above the trend line (70% soon), then for BTC, altcoin may face another round of selling.