The analysis focuses on altcoins, represented by the 'OTHERS' chart (Crypto Total Market Cap excluding top 10). It notes a recent fill of a downward imbalance and a consolidation pattern between 290 and 304. A short-term bounce from the 30-day rolling VWAP is expected, but an immediate bullish breakout is deemed uncertain due to August's typical market conditions and rate cut uncertainties. He suggests a likely scenario involves resistance at the upper range, a fall back to the yearly rolling VWAP for support, and an eventual breakout. Bitcoin's weakness is a factor. Also the RTY- Russell 2000 a risky assets- has been increasing which might show a bullish outlook. The Russell 2000 showed strong performance on Friday and has opened at similar levels, indicating risk appetite among investors. The analysis takes into account the probability of a rate cut for September, which has also increased and indicates a better opportunity.