🚀 BTC Dominance (BTC.D) Update
📊 4H Timeframe:
✅ Breakout from **Descending Trendline** – Possible shift in market dynamics.
🔍 Key Observations:
🔹 **Downtrend Resistance Broken** – Signals potential bullish continuation.
🔹 **Confirmation Needed** – A successful retest and hold above the trendline strengthens the breakout.
🔹 **Impact on Alts** – Rising BTC.D could apply selling pressure on altcoins.
👀 Watch for confirmation to assess trend strength!
📊 4H Timeframe:
✅ Breakout from **Descending Trendline** – Possible shift in market dynamics.
🔍 Key Observations:
🔹 **Downtrend Resistance Broken** – Signals potential bullish continuation.
🔹 **Confirmation Needed** – A successful retest and hold above the trendline strengthens the breakout.
🔹 **Impact on Alts** – Rising BTC.D could apply selling pressure on altcoins.
👀 Watch for confirmation to assess trend strength!
Trade active
Bitcoin Dominance (
BTC.D) has successfully retested a key level, signaling potential strength. However, Bitcoin itself hasn’t broken out yet, making this a crucial moment in the market.If BTC sees a small decline, altcoins could bleed as dominance increases.
BTC has yet to break out, keeping the market in a wait-and-watch mode.
Key Takeaway:
If BTC pulls back, alts may suffer as liquidity shifts toward BTC.
A BTC breakout could keep altcoins under pressure until dominance stabilizes.
Crucial moment ahead—stay alert for the next big move! 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I share more in my court
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.