Analysis:
1. Long-term dynamics:
• Over the month, the BTC.D index shows a decline, which may indicate a capital outflow from Bitcoin to altcoins or a general decline in interest in cryptocurrencies.
• The level around 57% acts as a support that is currently holding.
2. Short-term dynamics:
• Today's slight increase (+0.27%) may be related to a correction after a prolonged decline. However, it does not yet indicate a change in the overall trend.
3. Overall market:
• A decline in BTC dominance is usually accompanied by an increase in interest in altcoins. Confirmation of this is visible in the previous heat map, where altcoins are showing growth.
• If dominance continues to decline, there may be a strong rise in altcoins with high liquidity.
Forecast for the near future:
1. Scenario 1 (Bullish for BTC):
• If the 57% level holds, a rebound and growth in BTC.D dominance is possible. This may be accompanied by a decline in interest in altcoins.
2. Scenario 2 (Bearish for BTC):
• Breaking below the 57% level will lead to further decline in dominance. In this case, altcoins will gain additional momentum for growth, especially those that are already showing positive dynamics.