$BTC is currently sitting at a very important weekly support level. If it successfully reclaims and closes strongly above this zone, the market could see a fairly good relief rebound. But if this level breaks, another downward move is very likely to occur.

Both $HYPE and $ZEC show almost the same structure. It appears to be a rounded top rejection / double top, and now both are testing the support zone. A rebound reaction could happen from here, but if this pink zone breaks, more declines are open.
Right now, the market feels like it’s in a decision zone:
BTC needs to hold this black support level
Altcoins already look weak
After panic candles, short-term relief rebounds usually occur
Aggressive longs without confirmation still seem risky
If BTC reclaims support, both $HYPE and $ZEC could push to higher resistance areas. But if BTC loses this level, altcoins are likely to continue declining.