๐จ BTC Dominance - Market Update โ ๏ธ
BTC Dominance is currently trading around 64.51%, showing continued bullish strength after a clean bounce from the key support zone. The overall structure remains intact as price consolidates below the local high.
๐ Current Market Structure:
โ Price respected the 64.20% support zone and bounced back with strong bullish candles
โ Previous demand zone at 63.80%โ64.00% continues to act as a strong base for bullish continuation
โ Bullish structure remains valid as long as price holds above 64.20%
๐น Resistance Zone: 64.64% (marked supply zone and local high)
๐น Support Zone: 64.20%โ64.30% (recent retest area), 63.80%โ64.00% (previous demand)
๐ Bearish Scenario:
If BTC dominance breaks below 64.20% and fails to reclaim it, we could see a deeper correction toward the 63.80%โ64.00% demand zone, possibly giving altcoins temporary relief.
๐ Bullish Scenario:
Sustained trading above 64.20% keeps the bullish outlook alive. A breakout above 64.64% could trigger a fresh rally in BTC dominance, putting more pressure on altcoins.
๐ Conclusion:
BTC dominance is consolidating above key demand zones. As long as 64.20% holds, the bias remains bullish with potential for BTC to continue outperforming the altcoin market.