📰 Crypto News: $BTCDOM signals dominance, altcoins could start a new bearish cycle
The index $BTC Dominance (BTCDOM), which measures the market value proportion of Bitcoin against the total of all cryptocurrencies, has just rebounded strongly reaching +4.14%, rising from 4.24K to 4.48K, marking a decisive change in the market narrative.
🔍 What does this mean?
When $BTCDOM rises, it indicates that Bitcoin is regaining its leadership and altcoins are starting to lose relative strength. This type of movement usually anticipates a bearish phase in altcoins, especially when they have come from a bullish cycle or a prolonged retracement like the one we have experienced for more than 30 days.
📉 Technical signals:
Increasing volume and strong green candle in dominance.
RSI still below 50, but pointing upwards.
MACD crossing from negative levels: possible confirmation of trend.
Support respected and bounce from 4.2K.
⚠️ What can we expect?
A rotation of capital from altcoins to Bitcoin, leaving many low-cap coins exposed to considerable drops. For those of us who trade futures professionally, this is fertile ground to seek short opportunities.
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