The dominance of Bitcoin has recently been confusing, but it may be much better than you think.

Despite breaking structure in a way that positively affects other coins (alts), it has been declining, then rebounding to unexpectedly high points, and now it is declining again.

The reason for this is that the way market structure works is different from what most people imagine.

Support lines are not absolute, and neither are trend lines.

They are actually invisible lines that we draw ourselves.

But do they actually do well? Highlight structural breaks.

Changes in trends or momentum.

Last month, Bitcoin's dominance experienced a strong decline for a long time.

So, obviously, when it rebounded last week, people began to feel confused. Especially since it did not respect the higher trend lines as a retest.

(I know I may make beginner technical analysts feel that this is quite complicated, but please be patient and hear me out)

The early structural break was quite convincing, even though the price did not retest the external trend or the support of the higher time frame.

It actually did retest its starting area. The supply area it left behind or, for those more familiar with technical analysis terminology, the order block.

Nothing is 100% absolute, but just because we pulled back a bit last week, do not overlook the decline in Bitcoin's dominance.

And certainly not because it did not respect some fictitious trend lines we drew (this line is mainly used to highlight structural breaks).

Everything is still proceeding appropriately. It is just visible only to those who are sufficiently familiar.

Do not fall into the retail trap.

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