BTC Dominance Weekly Outlook
Alt Season Potential
A BMS (Break of Market Structure) has occurred in the bullish trend, showing a change of character to bearish, as seen from the candle indicating heavy selling pressure.
If the trend continues, BTC dominance would correct to the nearest SSL at Fibonacci 50.71%, and if it cannot hold, a deeper correction would occur at Fibonacci 1,618 at 43.77%, indicating the occurrence of Alt Season.
A BMS (Break of Market Structure) has occurred in the bullish trend, showing a change of character to bearish, as seen from the candle indicating heavy selling pressure.
If the trend continues, BTC dominance would correct to the nearest SSL at Fibonacci 50.71%, and if it cannot hold, a deeper correction would occur at Fibonacci 1,618 at 43.77%, indicating the occurrence of Alt Season.
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