#bitcoin Dominance Technical Analysis (1D Chart)

Current $BTC Dominance: 63.40%

Change: -0.24% (-0.37%)

Key Observation: Bearish Retest

Bitcoin Dominance is currently hovering around 63.40% after facing a rejection from the 63.70% resistance zone. This level acted as a bearish retest, indicating that altcoins may gain momentum if dominance continues to decline.

The dominance chart shows that BTC.D has failed to break above previous highs, forming a lower high around 63.70%, which is a classic sign of weakness. A sustained drop below the 63.00% mark could trigger further capital rotation into altcoins, especially Ethereum and mid-cap assets.

Key Levels to Watch:

Resistance: 63.70%, 64.50%

Support: 63.00%, 62.40%, and 61.80%

If Bitcoin Dominance continues to fall, expect altcoin season signals to strengthen in the short to mid-term. However, a strong bounce above 64% may invalidate this outlook and shift focus back to BTC strength.

Sentiment: Neutral to Bearish on BTC Dominance