$BTC is sitting on a very important weekly support level right now. If it manages to reclaim and close strongly above this zone, the market could see a decent relief bounce. But if this level breaks, another downside move is very possible.

Both $HYPE and $ZEC are showing almost the same structure. Looks like a rounded top/double top rejection, and now both are testing support zones. A reaction bounce can happen from here, but if these pink zones break, more downside opens up.
Right now the market feels like it’s in a decision zone:
BTC needs to hold this black support level
Alts already look weak
After panic candles, short-term relief bounces usually happen
Aggressive longs without confirmation still look risky
If BTC reclaims support, both $HYPE and $ZEC can push toward higher resistance areas again. But if BTC loses this level, alts will likely bleed further.