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Altcoin Market Likely to Retest Support

The Altcoin market experienced a nice rebound this week, primarily due to strong inflation data prior to the Sept. 18 fed pivot. However, I think there could be some downside in Sept, and the Altcoin market is likely to retest the lower end of this channel, marked by the light blue circle. I’m leaning towards some downside in Sept and early October, and I’ll reevaluate the market conditions to see what the outlook for a potential market crash looks like by then.

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