BTC Dominance.
Closed 60%, and that's the target that was adequate on the visible chart since July 15.
Right now a very interesting picture is forming. On one hand, the chart broke below the yearly moving average and is testing it from bottom-up. This is the first case since December 2024 (alt peak, after Trump's victory). On the other hand, we see an attempt to form a massive and very pronounced convergence on all basic indicators. However, this convergence isn't formed and closed yet, plus the formation itself differs significantly from the late 2024 fractal, so even in current conditions alts have a chance to consolidate on dominance in the 59-61.5% range, removing all daily convergences (this will take time, up to a couple months) and continue declining to the 54-57% range (that's the maximum target I see on global TFs for now).
Either way, keep in mind that dominance is approaching a strong correction and the start of temporary ranging to cool off overheating. But this is a normal, intermediate stage.
