Your analysis can be correct but seen from the trend it looks like the altcoin will not be bull run easily, surely the price of bitcoin will change again because the price of falling bitcoin prices is just like a reasonable correction done by traders who take profits.
we have to wait again, try to see the price of bitcoin because now I think bitcoin is trying to stabilize prices after the correction has occurred. if the price can be stabilized soon I think it's an opportunity for the altcoin to try to rise again. this is an advantage for traders, because long-term investors will definitely not predict this correction.