Market Update: What's Coming Next
BTC Dominance is currently at 62.87%, and we’re approaching a critical level. It must get rejected around 62.92% to form a new lower high — which would be a very bullish signal for the overall market.
However, if BTC Dominance closes above this red box, it would be considered a break of structure. In that case, dominance may continue to rise, pushing altcoins back toward their older, lower prices.
But personally, I’m expecting a rejection from this level — and if that happens, shorters will likely get wiped out, leading to a stronger bounce for altcoins.
No need to panic if you're a spot trader. Stay calm, follow your strategy, and manage your entries wisely.
This is my personal analysis, and I could be 100% wrong. Please do your own research before entering any trade.
