๐ $BTC Dominance Monthly Chart #update โ July 2025
#BTC Dominance is forming a strong bearish engulfing candle on the monthly timeframe, possibly signaling the start of #Altseason . The current candle is a black Marubozu with a wick, showing heavy rejection near resistance.
๐ฎ What Could Happen Next?
If this candle closes as it is, BTC.D might wick up to 63โ64% in early August before dropping.
If there's no recovery, we could see a sharp drop in dominance, leading to a strong rally in altcoins.
๐ Key Levels:
52.3%: A possible bounce here could cause a short correction in alts.
Below 52.3%: Expect parabolic altcoin moves.
40โ39.2%: Potential bottom zone, but watch out for fakeouts and wick traps. Smart money may use this area for exit liquidity.
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Summary:
Altseason may be near. Keep an eye on the monthly close. A drop below 52.3% could be the real trigger for massive alt rallies. Stay alert and plan exits wisely. ๐๐ง
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