Today's dump was a complete carnage for alts.

BTC dominance spiked to its highest level since 8th May, as alts dumped 10%-15% in a day.

On top of that, others/BTC just made another cycle low while BTC is still trading above $104,000.

Now the only hope is that BTC dominance is retesting a crucial resistance level, and will most likely get rejected.

If that happens, I think alts will have a V-shape recovery within 2-3 days.