Bitcoin Dominance Update
1. Current Situation: Bitcoin dominance is bounce back from major support level (55-54%)
2. What Could Happen Next:
• If Support Breaks: If Bitcoin dominance falls below this level, the next major support is around 51%. This could lead to Altcoins rising sharply.
• If It Moves Up: If Bitcoin dominance stays above 56.50% for 2-3 days, it could rise higher. In this case, Altcoins might stay stable or become weaker.
3. Important Zone to Watch: The 54-55% range is a crucial support area for Bitcoin dominance.
Keep watching this range to see what happens next!
