⏳Bitcoin Acquisition Update:
🟠BTC Dominance
• The dominance did not break the support area we mentioned at 57.95% and exited the downtrend, successfully re-testing.
• An inverted head and shoulders pattern was formed at the support area, which is a positive pattern for dominance and negative for altcoins. The condition for the pattern to be valid is to close two four-hour candles above 58.85%.
• The pattern fails, and positivity returns to altcoins if it goes back to 57.95% again.