Analysis of Bitcoin Market Dominance for Today and Tomorrow
Bitcoin's dominance has slightly increased (~60.5%), indicating a shift of capital from altcoins to Bitcoin. This suggests that market sentiment is currently defensive—investors are leaning towards safer assets.
The short-term trend for BTC dominance remains optimistic, with the potential to rise to the 61-62% range if it can break through key resistance levels.
The price of Bitcoin remains stable around the $105k-$106k range; the market is still waiting for a clear breakout to determine the next direction.
If BTC dominance continues to rise, the performance of altcoins is likely to weaken in the short term. However, if dominance starts to decline, this could signal the beginning of an altseason (altcoin rally).
As a strategy, investors should focus more on Bitcoin in the short term while closely monitoring for signs of breakout or reversal in both dominance and price charts.