Upon my analysis, the investors and whales do not want to rush with the altcoins bull run , but rather want to study how stable will be for bitcoin.
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.
Altcoin is heavily impacted by Bitcoin and it is difficult to raise prices during this period because people tend to invest more Bitcoin and dominate BTC now 63%. I think it will be difficult to survive for altcoin during this time because altcoin's value will continue to decline in the near future and if dominance still does not decrease then you cannot earn any profit. I believe that July and August will be a very bad time for this market so be careful with your investment