📊 Bitcoin Dominance (BTC.D) Analysis

Bitcoin dominance is currently trading within an ascending channel on the daily chart, suggesting that Bitcoin is maintaining strength over altcoins.

If $BTC dominance breaks above the current resistance zone, we might see altcoins underperform in the short term as capital flows into Bitcoin.

If #BTC dominance falls below channel support and the 50-day moving average, this could trigger an altcoin rally 🚀.

A decline in BTC dominance usually signals increased liquidity in the altcoin market.