The Altcoin market cap has broken out of a bullish cup and handle pattern, and is currently retesting the resistance level. I would monitor for a bullish retest of the resistance level, flipping resistance into support here. I think we are likely to see a red day today, and the bullish retest could take a few days to occur. I would give the market some time to see if we start to rally from a bullish rebound around $618 billion market cap. The October monthly candle opens later today, hopefully we get a very bullish October for the crypto markets. China’s bullish rally is a good sign, Bitcoin tends to perform well when China injects money into their economy.

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