#BTC DOMINANCE ANALYSIS

BTC Dominance has broken down from the rising wedge pattern with significant volume, indicating potential bearish momentum. It is currently trading just above the Ichimoku Cloud, which is acting as a key support zone.

In the short term, we can expect a possible retest of the wedge pattern, which may lead to a temporary correction in the altcoin market. However, if BTC Dominance breaks below the Ichimoku Cloud, it would confirm further downside, potentially fueling a stronger rally in altcoins.

Keep in mind, BTC Dominance often moves inversely to the altcoin market cap—continued weakness here could favor altcoin performance.

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