BTC Dominance at Critical Breakdown Point: Alts Could Shine Next

BTC Dominance is now testing a major support zone for few days. A confirmed breakdown here could unlock significant strength for altcoins in the near term.

Chart Overview:
• Price has consistently made lower highs (LH) and recently printed a lower low (LL).
• After a failed bullish retest at 64.80%, it's back at the critical 64.46% support, which:
→ Aligns with the 0.382 Fibonacci retracement
→ Sits on top of a long-standing demand zone (marked in blue)

Bearish Continuation Bias:
• If this 64.46% zone breaks, the next downside targets lie at:
• 63.99% (0.5 Fib)
• 63.51% - 63.38% (0.618–0.65 golden zone)
• The yellow arrow path shows expected continuation in case of a confirmed breakdown.

What This Means for Traders: 📌
• A drop in BTC Dominance often coincides with altcoin rallies.
• A clean breakdown below 64.4% may fuel rotation from BTC into ALTs, especially in mid caps and L1 ecosystems.

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