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📣 Bitcoin Dominance Analysis (BTC.Dominance) 🔥

As we mentioned earlier, we stated that Bitcoin's dominance would rise from 59% to 60% ✅, and thankfully, this is exactly what happened.

🔎 Technical Analysis:

• It’s clear that we have formed a reversal pattern after the previous downtrend, and the candles have started to bounce back from strong support areas.

• The indicators signal that the dominance may face significant resistance around 60.8% – 61%, and if it manages to break through, it will open the door to levels of 62%.

• Conversely, if there is a rejection from these levels, we may see a retest of 57% – 58% again.

📊 Summary:

The increase in Bitcoin's dominance in this way indicates that the altcoin market is still under pressure, and any strong rally for altcoins must wait for a clear drop in Bitcoin's dominance below 57%.

✍️ My Personal Opinion:

I believe that the dominance is close to turning points, and if it indeed rejects at 61%, this will be a positive signal for altcoins with new liquidity entering.

#Bitcoin #Crypto #Megadrop #MarketPullback #تحركات #متابعه_وإعجاب #هام $BTC

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