VIP MARKET UPDATE: $BTC DOMINANCE

➖➖➖➖➖➖➖

BTC was perfectly rejected at the resistance trendline of the rising wedge. It is currently attempting to break down from the wedge.

A successful breakdown followed by a retest of the wedge would confirm a potential downward move. On the other hand, a bounce from the current level could indicate continued movement within the wedge.

It's important to note that BTC dominance typically moves inversely to the altcoin market cap.