#CryptoRally

◀️ The first main movement of Bitcoin dominance has completed by descending to the range of 58.29% - 56.63% and the primary beneficiary is ETH as it has reached a new peak.

📄 The priority for market liquidity is always for Bitcoin, followed by Ethereum, and then alternative coins.

🚨 Any rise in Bitcoin dominance above 59% could lead alternative coins into a correction phase, and this is likely as Bitcoin dominance is capable of re-testing 59-60% before continuing the descent.

⭕ The next target for Bitcoin dominance will be a drop to 52%, and the key to this path is breaking below 56.63%. This path will be the key to moving liquidity to alternative coins.

✍️ I have provided you with two wave analysis paths in red and blue for how Bitcoin dominance might move, and the condition here is not to close above 62% because the waves will change with it.$BTC