On the new 12-hour candle, SOL and XRP lost their sustained uptrends. The new P73 CryptoMarket Monitor report on the TOP-200 lists nine such assets in total; these are the most significant ones, and they’re also in the TOP-10. Another notable asset on the list is LTC.

For all three assets, the base targets for the downtrends, potential breakdown levels, and 12-hour timeframe liquidity zones are all shown in the screenshots.

At the same time:

- BTC is still in an uptrend on this timeframe, despite making new lows and the ongoing correction,

- At the same time, as many as 18 assets from the TOP 200 showed potential low signals on the 12-hour timeframe.

The potential for at least a bounce in the market, starting today, remains. Especially since BTC still has potential low signals not only on the 4-, 5-, and 7-hour timeframes (in the latter case, the signals indicate a lower low). It has also gained potential low signals on the 6-hour timeframe—already two of the three possible signals. And the decline following the overnight impulse is “on pause.” The price has moved into a range.

As yesterday, we believe altcoins are “spoiling” the market’s true move. So far today, a total of 12 assets have entered a sustained downtrend on the 12-hour timeframe. Yesterday, 23 assets did so (21 of them during the day), as a reminder. That brings the total to 34 assets from the TOP 200 now pointing down. The list includes some of the top players in the altcoin market, such as ETH, DOGE, SOL, and XRP. For most of them, this is a second attempt to begin correcting the August–September rally. For ETH, it’s the first such attempt since early July.