📊 Altcoins Market Cap Overview

👉 Current Market Cap: $1.04T

👉 Key Resistance: $1.08T

👉 Immediate Support: $1.03T

👉 Major Support: $950B

đŸ”č Scenario 1: Breaking Resistance

If altcoins manage to break above the $1.08T resistance, we could witness significant momentum across the market. However, this scenario seems less probable due to today’s FOMC meeting, where a rate cut decision is expected. Should a 0.25 BPS cut be announced, Bitcoin may rally sharply, pushing its dominance above 60%. This could result in short-term pressure on altcoins.

đŸ”č Scenario 2: BTC Dominance Surge

According to Polymarket, there’s a 97% likelihood of a 0.25 BPS rate cut. If this materializes, Bitcoin is expected to surge toward a new all-time high (ATH) today, driving BTC dominance to 60% or higher. This dominance spike will likely suppress altcoin performance in the short term. However, such a pullback could present a golden opportunity to accumulate promising projects in preparation for the 2025 rally.

🚹 Stay vigilant and prepare for potential dips in altcoins to strategically position yourself for future gains!