Bitcoin is currently trading within a descending triangle pattern and rebounding from its horizontal demand zone.
The 100MA is providing support, indicating upward momentum. A decisive breakout above the triangle or a breakdown below it is needed to confirm the next significant move.
BTC Dominance has broken down from the rising wedge pattern with significant volume and is currently undergoing a retest. The 100MA and 200MA are acting as strong support, indicating resilience.
A successful retest of the breakdown could trigger a substantial downward move in BTC Dominance, potentially igniting a strong bullish rally in the altcoin market.