VIP MARKET UPDATE: $BTC DOMINANCE

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BTC.D is currently moving within an ascending channel. It was recently rejected from the resistance trendline, which coincided with a strong bullish trend in the overall crypto market.

At present, BTC.D is trading near the support trendline of the channel. A confirmed breakdown and retest of this support would serve as a strong bearish signal for BTC.D and a bullish confirmation for altcoins, as BTC dominance typically moves inversely to the altcoin market cap.

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