The cryptocurrency market is completely different from before, and the participants have changed dramatically, making the trend more sinister.
If BTC has a major player, then the new players are like beasts, with the spot market unwilling to give retail investors any chance, the competition is at a higher dimension and more brutal.
The two leading cryptocurrencies are showing contradictory trends: BTC and ETH, one wants to rise while the other wants to fall. Those that want to rise are unable to do so, and those that want to fall are not falling deeply enough.
BTC has been in a correction for over two weeks, but the price has been unable to drop significantly; this morning, the weekly chart closed with a doji star.
Many altcoins that fell last week have reached key buy points. For example, the low point of SOL in the image below was one of the buying ranges for the spot market.
