#MarketRebound $BTC
🚨 BTC Dominance - Market Update ⚠️
BTC dominance is currently facing pressure near 63.30%, right after forming a descending triangle and breaking below the minor support area. This indicates a potential short-term bearish move, especially if dominance continues to stay below this zone.
📌 Current Market Structure:
✅ BTC dominance recently bounced from the 61.31% demand zone and rallied strongly.
✅ Price formed a lower high structure followed by compression, indicating exhaustion near the top.
✅ It has now broken below the support box (near 63.40%), signaling possible retracement.
🔹 Resistance Zone: 63.53% – 63.80%
🔹 Support Zone: 62.68% – 63.03% (Potential retest zone below current price)
📉 Bearish Scenario:
If BTC dominance continues to drop and retests 63.03% without reclaiming it, we might see a move down toward 62.68% or even deeper, which may create room for altcoin outperformance.
📈 Bullish Scenario:
Reclaiming and holding above 63.40% with strong volume can invalidate the breakdown and may lead to another push higher, giving BTC more market dominance.
📊 Conclusion:
BTC dominance is currently in a key decision zone. Watch closely—this will influence altcoin momentum in the coming hours! 👀🚀
