$BTC $BTC Dominance – Compression at the Top, Decision Imminent
The structure is tightening and all eyes are now on the Oracle Line at 64.57%, the short-term pivot that could determine the next leg.
1. Technical Breakdown:
• Channel Resistance Holding – Price continues to respect the rising channel structure.
• Red-Circled Rejection Zones – Key supply stacked at 66.22% and 66.60%, aligning with horizontal resistance, prior highs, and Fib levels. If breached, BTC.D could spike into 67.57–67.63%, the final macro resistance.
• The Oracle Line – Currently acting as equilibrium.
• MA Ribbon Cluster – Slope is bullish
2. Outlook into July:
• Given the rising structure, bullish MA ribbon, and current price positioning, BTC.D still has room for one more leg up into the red resistance cluster. This could stretch toward 66.6% before any real reversal.
• However, a rejection from this area and confirmed breakdown of the Oracle Line opens the door for a retest of the ribbon, potentially aligning with a short-term altcoin window.
