📉 Bitcoin Dominance Index Retests Resistance!

The BTC Dominance Index faces significant resistance at the 61.91% level, and with a Shooting Star candle appearing on the 4-hour timeframe, this could be a signal for a potential reversal in direction.

🔍 If the dominance fails to break through this resistance, we may witness a decrease in Bitcoin's dominance, giving alternative coins a chance to come back into the spotlight.

📊 The RSI indicator shows overbought conditions, which enhances the likelihood of a correction.

🧠 This is not financial advice, but an informative technical analysis based on current indicators.

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