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➜ #Bitcoin dominance has slid from 65% to 59.3% ➜ Weak U.S. jobs data + rising inflation fears ➜ Trump’s new tariffs rattling global markets ➜ $1B+ in forced liquidations this week A drop in $BTC dominance usually means capital is preparing to rotate into alts, but before that happens, the market loves to shake out weak hands.
Right now, we’re in that shakeout phase.
Volatility is high, traders are getting wiped out, and selling pressure is building. This is exactly what I warned months ago: when $BTC dominance cools, alts run, but not before a correction like this.
What’s next? If tariffs ease and economic data picks up, this dip could flip into the rally we’ve been waiting for.
Until then, trade light, set your stop-loss, and be ready for the move
⚠️ALERT: Jerome Powell speaks today at 6:00 PM IST. This will be his first public appearance since rumors surfaced that he might step down as Fed Chair!⌛
Closely watch out for the Powell speech and Prepare for volatility.📊
The chart shows BTC.D has been in an uptrend since February 2025, reaching peaks near 65-66%. It's currently testing a crucial upward-sloping trendline and the 0.618 Fibonacci retracement level around 63.42%.
If support holds: Expect a bounce, signaling potential renewed strength for Bitcoin over altcoins.
If support breaks: A decisive drop could lead to an "altcoin season" where altcoins outperform.
Monitor this level closely for the next market move.