🚨 BTC.D Analysis – 4h Chart 🚨
The Bitcoin dominance chart (BTC.D) shows a pattern of an ascending continuation channel that has been broken downwards. This reinforces the likelihood of a decline in BTC dominance, opening the way for ETH and other altcoins to gain relative strength in the short term.
📉 Important support and resistance levels:
Resistance: 60.32%
Immediate support: 58.67%
Intermediate target in case of continued decline: below 58.5%
⚠️ Remember: chart analysis is probabilistic, not predictive. There is no way to accurately predict the next market movements, only to work with the most likely scenarios.
❗ This is not a buy or sell recommendation, just a chart study.
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