š§ Important update on Bitcoin dominance ā Has the altcoin season ended?
š While everyone is talking about Altseason, the dominance chart is saying something completely different!
š On the TOTAL3/BTC indicator:
āŖļø Clear divergence in RSI and a double bottom
āŖļø Bitcoin maintains its stability, while altcoins have started to fail after testing broken patterns
āŖļø September's highs were just false bounces⦠and the decline has begun to show
š Technical targets:
šÆ Target one: 59ā61%
š Expanded targets: 65% then 72% if the weekly close is above 61%
ā ļø The break of the descending wedge was false, and the return down suggests the possibility of testing the lower wedge again
š” The message? Dominance is gradually returning to $BTC
This means that the small altcoin season is nearing its end⦠at least in this cycle
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