šØ BTC Dominance - Market Update ā ļø
BTC Dominance is currently trading around 65.12%, showing bullish continuation after a breaking the immediate resistance from the key support zone.The overall structure remains bullish above the old high.
š Current Market Structure:
ā Price respected the 64.61% support zone and bounced back with steady bullish candles
ā Previous demand zone at 64.10%ā64.20% continues to act as a strong base for bullish continuation
ā Bullish structure remains valid as long as price holds above 64.96%
š¹ Resistance Zone: 67.50%-71.50 (marked supply zone)
š¹ Support Zone: 64.61%ā64.50% (recent retest area), 64.10%ā64.20% (previous demand)
š Bearish Scenario:
If BTC dominance breaks below 64.50% and fails to reclaim it, we could see a deeper correction toward the 64.10%ā64.20% demand zone, potentially allowing altcoins to catch some momentum.
š Bullish Scenario:
Sustained trading above 64.95% keeps the bullish outlook intact. While if the daily candle closes above 64.96% could trigger a fresh rally in BTC dominance, putting additional pressure on altcoins.
š Conclusion:
BTC dominance is at strong bullish momentum above key demand zones. As long as 64.96% holds, the bias remains bullish with potential for BTC to continue outperforming the altcoin market.