$WIF
� Technical Analysis of BTC Dominance
On the daily chart, it appears that Bitcoin dominance has reached historical resistance levels, indicating the possibility of a correction or a shift in the market in favor of altcoins.
🔻 Support Levels:
• 63.5%: Considered an important psychological and technical support.
• 62.5%: A key support that may indicate the beginning of a market shift.
🔺 Resistance Levels:
• 65%: A strong historical resistance; surpassing it may indicate the continuation of Bitcoin dominance.
• 66%: A psychological and technical resistance level; breaking it may enhance Bitcoin dominance.
🔮 Future Predictions
• Increase in Bitcoin dominance: If Bitcoin dominance continues to rise and surpass resistance levels, it may indicate that investors prefer Bitcoin over altcoins.
• Decrease in Bitcoin dominance: If Bitcoin dominance begins to decline and breaks support levels, it may indicate a market shift in favor of altcoins, signaling the start of the altcoin season.
🧠 Summary
Bitcoin dominance on the daily timeframe shows signs of a potential market shift. It is important to monitor key support and resistance levels to determine the future market direction.
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