$BTC DOMINANCE ANALYSIS
BTC Dominance is trading above the support trendline of a rising wedge pattern, with the 21MA providing additional support below the current price action. This setup is crucial for determining the next market move.
A breakdown from the pattern could trigger a bullish rally in the altcoin market, while a bounce from the trendline would reinforce BTC Dominance. Keep a close watch for the next development.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap, meaning a breakdown could indicate potential bullish momentum for altcoins.