BTC Dominance (BTC.D) is fast approaching the 67.64% resistance level, sitting firmly within a key supply zone marked at point D. This area represents a high confluence region, aligning with a long-term descending trendline and the upper boundary of a bearish wedge structure.
If validated, this would complete a potential ABCDE reversal formation suggesting a macro top in Bitcoin dominance may already be forming.
A rejection from this zone could trigger a pullback towards the immediate support at the 60% level. Should this level break, further downside may unfold toward 54.64%, with a deeper long-term target resting around the 45% zone.
This setup could mark a significant turning point if dominance begins to unwind, we may witness an aggressive rotation into altcoins. Keep a close eye on structural breaks and liquidity sweeps.
Alt season might just be closer than we think.
What’s your take on this potential shift? Let’s discuss in the comments. #BTC.D $BTC