The worst-case scenario Bitcoin dominance is going to make a new record of 5700+ ALT coins will fall again gradually I'm not trying to terrify you but most likely this will happen look carefully at the Bitcoin dominance chart and you will predict what's next
im not saying that this will happen for sure , but based on the btcdom chart history this will be the case be prepared to buy the dip after btcdomusdt exceed 5700
I have a good news and a bad news The Good one Bitcoin dominance has fallen 13% from the all-time high, and this is very good for ALT coins.
The bad news is that every time Bitcoin dominance falls, it gives a swap reverse and creates a new all-time high, and all ALT Coins will fall hard, so take care.
The crypto market has been attached to the US S&P 500 stock market recently due to big investors and big institutions from the US We pretend to be decentralized and have freedom of money but indeed they have taken control of the market and this is very bad
this is the meaning of Bitcoin dominance chart its Bitcoin price compared to other alt coins like ETH , BNB look at the below both charts you will understand how much Bitcoin dominance increased
and by default when ETH price is decline compared to Bitcoin this means also most of alt coins which built on Etherium network will follow and so on
#BTCDOMUSDT is rising slowly and steady when the market turns Red BTCDOMUSDT will be green if you go Long on BTCDOMUSDT this means that you are going short on ALT coins
follow the economic calendar and avoid trading during the volatile times don't blame that crypto is a scam after ignoring the volatility and as an advice the next days will be volatile do your own research
Always look at the Bitcoin Dominance chart if it increases the ALT coins will bleed more even if Bitcoin rises I always open a long position in BTCDOMUSDT in the 3800 to 3600 range is a good level to go long TP levels above 4200
Not financial advice - always do your own research
I know it's hard to save money for buying the dip and sometimes you think the bottom has been reached, but if you make an analysis on large-scale charts weekly and monthly you will know that the bottom is still yet to come