$BTC Dominance Update 🚨🔥
BTC Dominance (BTC.D) is currently trading near 65.08%, close to the previous swing high of 65.38%. This keeps the daily structure bullish, but the chart is hinting at something important — a potential double top formation near this level.
On the 4H time frame, the previous swing high was set on 8 May at 65.48%, followed by a bearish shift on 9 May when the 28 April swing low was broken. BTC.D made a lower low at 62% on 14 May, and since then, we've seen a V-shape recovery — but no proper pullback yet.
Now, price is once again testing the upper levels.
My view? 65.31% may act as a strong rejection zone, leading to a sharp decline