Bitcoin Drop Triggers Major Altcoin Sell-Off Despite Stable Dominance

I believe that a 3.5% decline in Bitcoin has triggered a decrease in altcoins by anywhere from 20% to 30% over the past week. This situation has been quite devastating for altcoins, especially considering that Bitcoin's dominance hasn't increased significantly, which makes the drop even more concerning. The nearest support level for Bitcoin is around 113,000. Additionally, there are various support levels for altcoins across the board. The recent hit on altcoins has been extremely severe — it’s the strongest suppression they have experienced in a long time, and the sell-off has been excessively aggressive. No support level seems to be holding during this downturn, suggesting a high level of panic selling or a lack of buyers at current prices. This points to a potentially bearish short-term outlook for the crypto market unless a strong consolidation or recovery occurs soon.