Bitcoin and most major altcoins are attempting to sustain above their immediate support levels, signaling a possible change in the short-term trend.

Select altcoins are outperforming the market despite Bitcoin struggling to sustain the higher levels.

Bitcoin and select altcoins have broken above their immediate resistance levels, indicating the start of a relief rally.

The bounce in Bitcoin and select altcoins increases the possibility of a short-term rise in prices.

The sharp pullback in BTC and large-cap altcoins indicates that bears have yet to capitulate and that traders continue to sell the top of each breakout.