We can see that 
BTC.D is still in a bullish trend and is currently testing a crucial level, which will determine whether it continues to make a higher high or starts weakening towards its previous low.
The influence ofBTC.D on the crypto market is simple: if BTC.D moves higher, it means more money is flowing into Bitcoin. For example, if BTC.D is at 64%, it means 64% of the total crypto market capitalization is in Bitcoin, and the remaining 36% is spread across altcoins like 
ETH, 
SOL, 
DOGE, 
PEPE, etc.
Conversely, ifBTC.D moves lower, it means more money is shifting into altcoins.
Strategy whenBTC.D is rising:
You can allocate more into Bitcoin rather than altcoins. Alternatively, you can find altcoins that are outperforming Bitcoin.
How to find altcoins that outperform Bitcoin?
Look for altcoin/BTC pairs, for example:
WIFBTC, 
NEARBTC, or $BINANCE:TAOBTC.
If the price ofWIFBTC is going up, it means WWIF is gaining more value compared to $BTC. If it's going down, it means Bitcoin is performing better than $WIF.
Back toBTC.D:
Currently,BTC.D is testing the 64.19% – 64.10% zone.
This area will determine whetherBTC.D continues upward or starts to weaken.
To get early confirmation, you can zoom into the 1-hour chart and look for signs of bullish divergence.
If bullish divergence appears on the 1-hour chart, it often leads to a bounce on the 4-hour chart and a potential continuation of the bullish trend, possibly breaking the previous high.
However, if there's no bullish divergence confirmation, or if there's a strong rejection at the support level,BTC.D is likely to weaken and move towards its previous low.
BTC.D is still in a bullish trend and is currently testing a crucial level, which will determine whether it continues to make a higher high or starts weakening towards its previous low.The influence of
BTC.D on the crypto market is simple: if BTC.D moves higher, it means more money is flowing into Bitcoin. For example, if BTC.D is at 64%, it means 64% of the total crypto market capitalization is in Bitcoin, and the remaining 36% is spread across altcoins like ETH, SOL, DOGE, PEPE, etc.Conversely, if
BTC.D moves lower, it means more money is shifting into altcoins.Strategy when
BTC.D is rising:You can allocate more into Bitcoin rather than altcoins. Alternatively, you can find altcoins that are outperforming Bitcoin.
How to find altcoins that outperform Bitcoin?
Look for altcoin/BTC pairs, for example:
WIFBTC, NEARBTC, or $BINANCE:TAOBTC.If the price of
WIFBTC is going up, it means WWIF is gaining more value compared to $BTC. If it's going down, it means Bitcoin is performing better than $WIF.Back to
BTC.D:Currently,
BTC.D is testing the 64.19% – 64.10% zone.This area will determine whether
BTC.D continues upward or starts to weaken.To get early confirmation, you can zoom into the 1-hour chart and look for signs of bullish divergence.
If bullish divergence appears on the 1-hour chart, it often leads to a bounce on the 4-hour chart and a potential continuation of the bullish trend, possibly breaking the previous high.
However, if there's no bullish divergence confirmation, or if there's a strong rejection at the support level,
BTC.D is likely to weaken and move towards its previous low.
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.