This week, Bitcoin (BTC) extended its decline, losing over 3% of its value. Despite this, the bears were unable to deepen the correction, suggesting that bulls are defending the short-term holder realized price (STH-RP) of $64,230. According to Farside Investors data, Bitcoin investors have been withdrawing funds from spot Bitcoin exchange-traded funds since June 13, indicating nervousness about the near-term prospects.

Independent analyst Willy Woo predicts that Bitcoin's recovery will begin after "weak miners die" and the hashrate recovers. Historically, this process has taken 8-24 days. Woo attributes the delayed recovery to ordinal inscriptions boosting profits. If Bitcoin breaks above $64,602, select altcoins may attract buying interest.

Toncoin (TON), Pepe (PEPE), Kaspa (KAS), and JasmyCoin (JASMY) are among the top cryptocurrencies that look strong on the charts. TON has been holding above its 50-day SMA, indicating solid buying support. PEPE has been correcting but bounced off $0.000010, showing bulls are attempting a rebound. KAS and JASMY have also been consolidating, with KAS bouncing off its 50-day SMA and JASMY rebounding off $0.03.

If Bitcoin starts to trade above $64,602, these altcoins may attract buying interest. TON could rally to $8.29, PEPE to $0.000016, KAS to $0.19, and JASMY to $0.04. However, if Bitcoin fails to break above $64,602, the bears may regain control, and the altcoins may correct further.

In conclusion, Bitcoin's price drop has created an opportunity for altcoins to shine. While Bitcoin's recovery is uncertain, select altcoins like TON, PEPE, KAS, and JASMY are showing strength on the charts. If Bitcoin breaks above $64,602, these altcoins may attract buying interest and rally higher. However, if Bitcoin fails to recover, the bears may maintain control, and the altcoins may correct further.