đ¨ BTC Dominance â Market Update â ď¸
Current Level: 64.62%
Market Structure
⢠BTC dominance is trading below the 64.75% resistance zone after breaking it
⢠Price is currently reacting with in this zone, and is now reacting from nearby resistance
⢠The structure still shows higher highs and higher lows, maintaining a bullish tone overall
Outlook
⢠Resistance zone remains between 64.90% and 65.30%, which has held firmly so far
⢠If price fails to reclaim current zone, a retracement toward 63.48% may follow
⢠Key support remains at 63.48%, with deeper demand visible around 63.00%
⢠As long as BTC dominance stays above 60.27%, broader bullish bias remains valid
⢠Clean break above 65.30% would likely trigger another bullish continuation and pressure altcoins
Catalyst to Watch
⢠Today is Tuesday and US Core Retail Sales data is due, which may impact market volatility and risk sentiment
Impact on Altcoins
⢠Rising BTC dominance typically signals capital favoring bitcoin, which can weaken altcoin performance
⢠A rejection from resistance could allow short-term relief in altcoins if dominance corrects to demand levels
Conclusion
⢠BTC dominance is reacting from the 64.75%â65.30% supply zone
⢠Price needs to break above 65.30% to continue bullish trend, else a pullback to 63.48% support is likely
⢠63.48% remains the key pivot level to watch in the coming sessions
