📉 SHORT: BTC/USD | Betting on Altseason as BTC Dominance Slips 🌗
Bitcoin is showing signs of weakening dominance—now hovering around 60%, slipping from recent highs. Meanwhile, altcoins are heating up as Ethereum draws more institutional capital. This setup suggests a potential shift away from Bitcoin, signaling a neutral-to-bearish outlook over the monthly chart. 📉⚠️
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💲 Current Price
Bitcoin (BTC/USDT) is trading around $118,900, with 24‑hour lows and highs between $116,500–$119,700 .
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🔍 Market Landscape
BTC Dominance: Sitting near 60%, dipping slightly—signaling capital rotation toward altcoins .
Altcoin Momentum: Ethereum, Solana, Dogecoin and others are gaining, hinting at emerging altseason .
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🔻 Trade Setup: Short BTC on 1-Month
Position Details
Entry ~$118,900
Stop Loss Above recent monthly high, around $123,500
Take Profit Target $105,000 (retest of prior accumulation zone)
Alternative TP If altseason accelerates, drawdown to $100,000
Risk‑Reward Entry to SL: ~$4.6 k risk; to TP: ~$13 k reward ⇒ ~3:1 RR
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🧠 Rationale
A declining BTC dominance trend typically precedes strong altcoin rallies, often pressuring BTC prices .
Capital flows into altcoins could sap liquidity from BTC, nudging it lower during the rotation.
The trade aligns with a broader market theme: altseason over Bitcoin season.
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⚠️ Risks & Watchpoints
Institutional BTC inflows (ETFs, treasury buys) could reverse dominance trends and miners’ selling pressure.
A separate sharp macro-driven spike in BTC could trigger the stop.
Monitor dominance levels: a rebound above ~62% may invalidate the bearish case.
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🛠️ Trade Plan Recap
Entry: ~$118.9K
SL: $123.5K
TP1: $105K / TP2: $100K
RR: ~3:1
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Stay alert as alts gain traction—this could be a textbook unwinding in BTC dominance. Position accordingly! 👀⚙️
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