MARKET UPDATE: $BTC DOMINANCE
BTC.D experienced a decline following the breakdown of a rising wedge, which coincided with a strong bullish rally in altcoins.
Currently, it is trading above the 100 EMA and the Ichimoku Cloud. However, the MACD crossover is indicating bearish momentum.
A breakdown and retest below the Ichimoku Cloud would serve as further confirmation of bearish sentiment in BTC.D, an event that typically signals bullish strength for altcoins, as BTC dominance often moves inversely to the altcoin market cap.