#BTC DOMINANCE ANALYSIS

BTC.D has broken down from an ascending triangle with significant volume and is now trading within the Ichimoku Cloud. A breakdown below the cloud could lead to further declines in BTC.D.

Conversely, if it breaks above the cloud, we may see a retest of the ascending triangle. It's important to note that BTC.D generally has an inverse relationship with the altcoin market cap, meaning its movement can signal shifts in altcoin strength.

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