Why is this important? The lower the dominance of the first cryptocurrency in the market, the higher the value of altcoins and everything that is not Bitcoin.
In other words — lower BTC dominance, higher alt-season index
Dominance $BTC on the chart shows signs of the beginning of a corrective movement, which is also confirmed by the MACD reversal formation.
We assume that this process will occur in three stages with delays at key local levels.
— First level: 55.76% — the zone of the first local support, where a short-term rebound is possible.
— Second level: 52.36% — deeper support coinciding with previous lows. There is a high probability of forming an area of interest or FVG here.
— Third level: 48.46% — the main level that will become critical for the further market scenario.
❗️ The decrease at these stages ranges from 5.67% to 18.07% relative to current values.
Therefore, for everyone who has been waiting — you can, with almost complete confidence, assure that there will be an alt-season!
I recommend being more cautious in the near future and watching the reaction at key levels.
We continue
