BTC.D trend on 17/8.#dom

🔎 Technical Analysis

Main trend:

BTC.D is in a downtrend that has lasted from the 62% range → now around ~59.36%.

Volume (Vol):

Recent volume is gradually decreasing → the driving force of BTC is weak, and capital is trending to disperse towards Altcoins.

Stochastic RSI:

The %K line (green) is below the %D line (orange) in the oversold region (5.43).

There is a possibility of a short-term bounce, but it is not clear yet.

MACD:

The MACD line (green) and Signal line (orange) are crossing below 0 → the bearish signal still prevails.

The histogram remains slightly red → selling pressure is still present.

📌 Trend scenario

Bearish (priority)

If BTC.D continues to break below 59.2%, it is highly likely to drop to 58.8% – 58.5%.

At this point, Altcoins will outperform BTC, with many coins bouncing stronger.

Technical bounce (secondary)

Due to Stoch RSI touching the oversold region → it may bounce back to test resistance at 60% – 60.5%.

But this is just a bounce, not enough to reverse the trend.#dominancebtc ,#dom