Indeed, the overall water level has risen, welcoming the first round of profit-taking. As the leader, ETH can still hold up, while DOGE and AVAX, which have risen 30% and 40% in the past 7 days, still have significant pullback potential.

Now we need to see if BTC can break through with a big bullish candlestick; if not, altcoins will drop further. BTC's breakthrough should be imminent; profit-taking in altcoins will provide support for BTC.