Bitcoin's dominance has been confusing people lately, but it might look much better than you think.

Despite the positive structural change for altcoins, it has been falling, rising higher than people thought, and is now falling again.

The reason for this is that the market structure operates differently than most people think.

Support lines are not absolute, and trend lines are not either.

These are literally UNOBSERVABLE lines that we draw ourselves.

But what they do is good? They highlight structural gaps.

Change of trend or momentum.

Bitcoin's dominance dropped significantly last month.

So, it is clear that people started to get confused when it rose again last week. Especially when it did not respect the higher trend line as a retest.

(I know this probably makes it quite complicated for beginner technical analysts, but bear with me)

Previously, the structural gap was quite significant, and despite the price not retesting the external trend line or the higher timeframe support.