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✨ Today we’re diving into the 1-Day Bitcoin Dominance analysis. Stay tuned and follow along!
👀 On the daily timeframe, Bitcoin dominance has reached a key resistance zone at 60.73%. If this level breaks, we could see a deeper correction across altcoins. However, a rejection and move downward could trigger a strong rally for altcoins. As Bitcoin’s market weight decreases and capital flows into altcoins, we might be entering an early altseason, presenting potential profit opportunities.
🕯 From a technical perspective, Bitcoin dominance is moving within a well-structured ascending channel. The midline of the channel acts as a solid rejection point. A Fibonacci retracement from the previous downtrend shows a 38% overlap with this midline — a tough level to break. After a strong bearish candle rejection from that area, dominance is now heading lower. If the move continues, we could see a test of the channel’s lower boundary, and a confirmed breakdown would strengthen the altcoin bullish scenario.
💰 Typically, capital rotation in crypto follows this pattern: money flows into Bitcoin, then Ethereum, then the top 10 coins, and finally into smaller altcoins — before converting to USDT and exiting the market. With Bitcoin dominance currently at high levels after a solid Bitcoin season, this could signal the early stages of capital shifting toward altcoins. Traders should watch closely for these shifts to maximize profitability.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
✨ Today we’re diving into the 1-Day Bitcoin Dominance analysis. Stay tuned and follow along!
👀 On the daily timeframe, Bitcoin dominance has reached a key resistance zone at 60.73%. If this level breaks, we could see a deeper correction across altcoins. However, a rejection and move downward could trigger a strong rally for altcoins. As Bitcoin’s market weight decreases and capital flows into altcoins, we might be entering an early altseason, presenting potential profit opportunities.
🕯 From a technical perspective, Bitcoin dominance is moving within a well-structured ascending channel. The midline of the channel acts as a solid rejection point. A Fibonacci retracement from the previous downtrend shows a 38% overlap with this midline — a tough level to break. After a strong bearish candle rejection from that area, dominance is now heading lower. If the move continues, we could see a test of the channel’s lower boundary, and a confirmed breakdown would strengthen the altcoin bullish scenario.
💰 Typically, capital rotation in crypto follows this pattern: money flows into Bitcoin, then Ethereum, then the top 10 coins, and finally into smaller altcoins — before converting to USDT and exiting the market. With Bitcoin dominance currently at high levels after a solid Bitcoin season, this could signal the early stages of capital shifting toward altcoins. Traders should watch closely for these shifts to maximize profitability.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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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.
Related publications
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.