🚨BTC Dominance Update (BTC.D)🚨

BTC Dominance (BTC.D) has reached a critical support zone near 57.3%, which coincides with the long-term trendline and the EMA200 (daily). Here's what I'm seeing:

1️⃣ Bounce Potential:

BTC.D has touched a strong support zone. If this holds, we could see a bounce toward 58%-59%, with buyers stepping in to regain momentum.

2️⃣ Bearish Breakdown:

A breakdown below 57% would indicate weakness, potentially pushing dominance further down to the 55% range, which is the next major support.

3️⃣ Market Impact:

- If BTC.D bounces, Bitcoin could outperform altcoins, as dominance increases.

- If it breaks down, altcoins may rally as capital flows into alts.

My Thoughts:

I will be closely monitoring the 57% level for confirmation.

- A strong bounce above 58% signals dominance recovery.

- A breakdown below 57% could open the door for altseason!