The current #bitcoin price drop has its advantages.
It has been observed that ALTs are showing less reaction to BTC compared to a few days ago when BTC began to decline from 73k. This is due to the fact that BTC dominance is also decreasing along with BTC, which is actually a bullish signal for ALTs.
Currently, we are positioned at a significant level of support for BTC dominance. If this level is breached, it could result in a decrease of approximately 15-17% to the 1900 range.
When Bitcoin stabilizes and begins to trade sideways, it will serve as a significant indicator for the upcoming altcoin season.