📉 #BTC.D BITCOIN MARKET SHARE ANALYSIS
🕒 Timeframe: 1D (daily)
Current level: 61.40%
Change for the day: –0.37% 🔻
🔍 Technical picture:
BTC Dominance has broken the lower boundary of the ascending channel, where it has been since the end of 2023. This is a bearish signal for dominance.
The price has also fallen below the Ichimoku Cloud, reinforcing the signals for a decline.
Support — 61.33%, from which a technical bounce is possible.
The next key support level — ~54.65%.
📊 Volume:
A sharp spike in volumes during the decline indicates strong capitulation or the beginning of an altseason when capital flows from BTC to altcoins.
⚠️ What this means:
Breaking the channel and cloud = signal for weakening BTC dominance.
Altcoins may gain a short-term advantage.
However, a return above 63.1% will negate the bearish scenario.
📌 Conclusion:
The situation indicates a possible beginning of the altcoin strength phase. BTC is losing its dominant position — the market may become favorable for ALT/USDT.