$BTC dominance is crucial for identifying trends and the altcoin season. Currently, Bitcoin dominance has formed a textbook ascending channel and is nearing the trendline after facing rejection from the upper boundary. This suggests that altcoins may continue their rally for now.
Personally, I’m more focused on the potential breakout of a descending channel. When that happens, we could see altcoins explode in value. The real bull season will begin when funds start rotating from BTC to altcoins.
