🚨 BITCOIN DOMINANCE UPDATE – CRUCIAL MOMENT FOR ALTCOINS AHEAD!
Currently, BTC.D (Bitcoin dominance rate) has broken a significant correction trendline, but this breakout has not been fully confirmed yet, momentum is still weak and unclear.
📍 Important levels to watch:
🔺 Major resistance (Arrow #1):
If BTC.D strongly breaks this area, altcoins will face significant pressure – potentially leading to a widespread market dump of altcoins.
🔺 Local resistance & support (Arrow #2 & #3):
The short-term direction of BTC.D will depend on whether it breaks or gets rejected at these areas – be cautious of the possibility of a fakeout.
🔻 Important support (Arrow #4):
If this area breaks down, it could be the first signal for traders to start accumulating altcoins.
🛡️ Strong support (Arrow #5 & #6):
If these two support areas are broken – it is highly likely that it will open up a major Altseason, where altcoins could outperform BTC.
⚠️ Advice for you.
Remain extremely cautious – the breakout is not clear, and the possibility of a correction or fake breakout is still high.
If BTC.D breaks the strong support area – this is a "golden" opportunity to go all-in on altcoins.
Conversely, if it breaks strongly upwards – limit holding altcoins, prioritize holding stablecoins or BTC.