$BTC
🔈 Bitcoin Dominance Update
Bitcoin dominance is still trading within this channel. Last night, it tried to break through the upper resistance but faced rejection, causing a drop towards the lower boundary of the channel.
Here’s what to keep an eye on:
• 📉 Downward Break: If dominance falls below the channel, altcoins are likely to bounce back quickly.
• 📈 Upward Break: If dominance rises above the resistance, altcoins might experience some pressure or weakness.
⚠️ Altcoin movements are currently uncertain since Bitcoin dominance is trading in a channel, so watch these key levels closely for the next significant move in altcoins.