🚨 BTC Dominance - Market Update ⚠️

BTC dominance has faced rejection after touching our marked resistance zone at 62.20% and is currently trading around 61.95%. This rejection indicates a possible retracement, but a strong hold above 61.79% could lead to another attempt to break resistance.

📌 Current Market Structure:

BTC dominance bounced from 61.31% support and surged towards resistance.

A potential retest of 61.79% support could determine the next move.

Breaking above 62.20% may push dominance higher.

🔹 Resistance Zone: 62.00% - 62.20% (Key supply area)

🔹 Support Zone: 61.30% - 61.79% (Strong demand area)

📉 Bearish Scenario: If BTC dominance fails to hold above 61.79%, we might see a drop towards 61.30%, potentially benefiting altcoins.

📈 Bullish Scenario: A breakout above 62.20% could lead to further upside, increasing BTC’s market control.

📊 Keep an eye on BTC dominance—it’s a key factor in market sentiment! 👀🚀