🔍 $BTC Where to? A look at the BTC/USDT pair and BTC.D dominance.
#BitcoinAnalysis #BTCUSDT #CryptoDominance
Despite recent pullbacks, $BTC remains the primary indicator of market pulse. Today we will take a look at the BTC/USDT pair and link it to one of the most important overlooked indicators by new traders: BTC Dominance (BTC.D).
📊 First: What is happening with BTC/USDT?
The price is currently moving in a sideways range after a pullback from a local peak near 71K.
The most important support currently lies between $64,500 and $65,000.
Breaking this range may open the door for further pullback towards the 62K or even 60K areas.
Conversely, holding above 67K may indicate a return of bullish momentum.
🔁 Second: What does the BTC Dominance index tell us?
BTC Dominance (BTC.D) represents the percentage that Bitcoin occupies of the total market cap of cryptocurrencies.
When BTC.D increases:
This means that money is flowing towards Bitcoin.
Weakness in the performance of altcoins.
When BTC.D decreases:
This means the beginning of altcoin season (Altseason).
Investors are more willing to take risks outside of Bitcoin.
📈 Currently we observe:
A gradual increase in BTC.D towards 55% reflecting a state of "flight to safety".
Notable weakness in the performance of many altcoins against BTC.
🧠 Summary:
> Bitcoin is currently in a phase of consolidation or "warrior's rest", while the market evaluates its next steps.
The smart one is not the one who chases peaks, but the one who reads hidden trends and understands the relationship between price and dominance.
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