🔈Bitcoin Dominance Update
📌Bitcoin dominance continues to trade in this channel. Last night, it attempted to break through the upper resistance but was rejected, leading to a decline toward the channel's lower boundary.
Here's what to watch:
• Downward Break: If dominance breaks below the channel, altcoins are likely to recover quickly.
• Upward Break: If dominance breaks above the resistance, altcoins may face some pressure/weakness.
⚠️Altcoin movements remain uncertain for now because the Bitcoin dominance trade in a channel, so keep a close eye on these key levels for the next big move in Altcoins.