Analysis of BTC Dominance.

The weekly chart shows a breakout from the global uptrend channel that has been in place since 2023. Bearish divergence on the MACD and RSI is already in the active phase of working off, with both indicators rolling closer to the negative zone, making the scenario of medium-term downward pressure relevant. The full target for the formation and divergence is indicated around 47-50%, which remains the key medium-term goal.

📉 1D (local context):

After breaking the lower boundary of the channel, the price is consolidating in the range of 59-60%. Bullish divergences have appeared on the MACD and RSI here, which could provide a technical bounce. However, considering the weekly picture, such movements remain temporary pauses in the downward scenario. I expect a slight pullback up to 60.5-61% or to the RSI level of 48-50, which acts as resistance, followed by a downward move along the weekly trend.

On the daily chart, a local bounce is possible thanks to the divergences. For the week, the priority remains with the bearish scenario with targets of 47-50%. For altcoins, this means increased volatility; short-term spikes upward in dominance may lead to a downward move for them, but medium-term, the trend indicates a redistribution of capital in their favor.

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