#BTCdominance (BTC.D) has unfortunately broken out of its resistance zone, and with Bitcoin surging, BTC.D is rising as well.
This isn't favorable for altcoins. If this momentum continues, we may not see significant movement in altcoins, even with Bitcoin's rise.
For altcoins to perform well, BTC.D needs to at least retrace to the zone it just broke out of.
For even stronger alt performance, BTC.D would need to break below that zone and pull back to lower levels.
In the current situation, avoid getting too excited by Bitcoin's pump. Be patient and wait for the right moment to enter alt positions.
