BTC.D: Incredible accuracy of the analysis!
Our analysis of Bitcoin dominance (BTC.D) continues to unfold with astonishing accuracy. Movements on the chart clearly follow the predicted scenarios, confirming the correctness of the chosen strategy.
📊 What happened?
The UTAD level has been reached, after which the expected correction began.
Current structures show a clear adherence to the Wyckoff distribution model.
Local support for IMB 1D holds the price, but SOW indicators already point to further decline according to the forecast.
🌊 What to expect?
1️⃣ The breakout of the LPSY level confirms the weakness of the bulls, and the move towards 56.73% becomes increasingly likely.
2️⃣ After the distribution is completed, we may see a powerful flow of liquidity into altcoins, especially after the decrease in interest in Bitcoin.
🔍 Conclusion:
The current situation gives a clear signal for caution: Bitcoin's dominance is weakening, opening up opportunities for altcoin growth. It is important to closely monitor the level of 57.60%, which will become a key indicator for further developments.
Stay tuned for updates — we have our finger on the market's pulse!