Pay attention to the dominance of $BTC , which is currently approaching a new local high. It may form some divergences on 1D / 12H / 8H, and all of this is happening against the backdrop of a bearish divergence at the 1W level, which could lead to a mid-term reversal of the index, providing some upward momentum for the secondary market, or at least outperforming $BTC in relative strength.

The ideal scenario is for BTC to experience a pullback, which would push BTC dominance further up, leading to a larger decline in altcoins. If this does develop as such, and these divergences are confirmed, I would prefer to buy $ETH compared to BTC.

If at the same time we see a low-cycle bullish divergence in the dominance of #others , then altcoins could benefit greatly from this trend.

Please set your alerts accordingly.