BTC Dominance is now testing a major support zone for few days. A confirmed breakdown here could unlock significant strength for altcoins in the near term.
Chart Overview:
• Price has consistently made lower highs (LH) and recently printed a lower low (LL).
• After a failed bullish retest at 64.80%, it's back at the critical 64.46% support, which:
→ Aligns with the 0.382 Fibonacci retracement
→ Sits on top of a long-standing demand zone (marked in blue)
Bearish Continuation Bias:
• If this 64.46% zone breaks, the next downside targets lie at:
• 63.99% (0.5 Fib)
• 63.51% - 63.38% (0.618–0.65 golden zone)
• The yellow arrow path shows expected continuation in case of a confirmed breakdown.
What This Means for Traders: 📌
• A drop in BTC Dominance often coincides with altcoin rallies.
• A clean breakdown below 64.4% may fuel rotation from BTC into ALTs, especially in mid caps and L1 ecosystems.
Chart Overview:
• Price has consistently made lower highs (LH) and recently printed a lower low (LL).
• After a failed bullish retest at 64.80%, it's back at the critical 64.46% support, which:
→ Aligns with the 0.382 Fibonacci retracement
→ Sits on top of a long-standing demand zone (marked in blue)
Bearish Continuation Bias:
• If this 64.46% zone breaks, the next downside targets lie at:
• 63.99% (0.5 Fib)
• 63.51% - 63.38% (0.618–0.65 golden zone)
• The yellow arrow path shows expected continuation in case of a confirmed breakdown.
What This Means for Traders: 📌
• A drop in BTC Dominance often coincides with altcoin rallies.
• A clean breakdown below 64.4% may fuel rotation from BTC into ALTs, especially in mid caps and L1 ecosystems.
Note
BTC Dominance quick update: Sudden bounce happenNote
Going well as expected! : 
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.
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.