The cryptocurrency market has been experiencing a period of relative calm, leading to sideways and downward movements in altcoins. Despite the current downturn, many cryptocurrencies have reached bottom supports, which often precede interim rises. Historical data suggests that recent losses are not unusual, and investors should be prepared for potential reversals.

Bitcoin (BTC) has been experiencing a continuous exit from the spot Bitcoin ETF channel since June 13, with weak miners being sidelined after the halving event. However, analyst Willy Woo predicts that the hashrate will return once sales and device shutdowns are completed, leading to a potential price recovery. BTC lost the $64,602 support on June 21, but bears have been unable to achieve desired bottoms due to lower-level purchases. Moving averages can be reclaimed, and a reversal could lead to a bull run towards $70,000.

TON Coin, a popular altcoin, faces key resistance at $7.67. If it closes above this level, the rally could continue up to $8.29. However, if the price falls and closes below $6.6, the head and shoulders pattern will be completed, signaling larger losses. The four-hour chart shows bears attempting to pull the price below the uptrend line, but strong sales between $7.67 and $8.29 indicate a challenging $10 target. There is also a risk of a drop to $6.6.

In conclusion, the cryptocurrency market is experiencing volatility, and investors should be prepared for potential reversals. Bitcoin seeks a rebound, while altcoins like TON Coin face key resistance levels. Historical data suggests that recent losses are not unusual, and investors should conduct their own research and be aware of the high volatility and risk associated with cryptocurrencies.