💡 What is happening in the market
Bitcoin Dominance (BTC Dominance) is a key indicator showing the share of Bitcoin's market capitalization in the total market capitalization of the cryptocurrency market. Currently, BTC Dominance is at 64.90%, indicating Bitcoin's dominant position.

However, as seen from the chart, the downward trend is becoming increasingly evident. This could be a signal that Bitcoin's dominance is starting to lose strength, and other altcoins may begin to rise actively.

📊 Technical Analysis
Fibonacci and support/resistance levels:
The 0.5 (50%) level acts as an important support zone. However, after the impulsive rise, we have not tested it yet.
Stops are likely hidden above the current level (65.00%), which creates the potential to hit this zone for further decline.

Past highs and trend lines:
The past high was around 65.50%, but the price is currently moving below this level.

Resistance area:
The 65.00% level is strong resistance. If the price fails to break this level, it will increase the pressure for a decline.


🚨 Expected Scenarios
Scenario 1: Continuation of the decline
If the price breaks the 64.6% level, it may open the way for a deeper correction down to 63% or even lower.
This will be favorable for altcoins, which may begin to rise actively due to capital redistribution.

Scenario 2: Hitting the 65% zone
If the price hits the 65% level and returns below 64.80%, it may indicate a false breakout from the channel and a return to the support of the ascending channel = 64.3%
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