Congratulations on the important signal for the start of the global altseason, friends!

Our P73 Trend & Target Dynamics gave a signal for a sustainable downtrend on the weekly timeframe of the #BTC dominance chart. BTC dominance is in a sustainable downtrend for the first time since the beginning of January 2023 (!). That is, practically since the beginning of the bull market.

This very likely indicates that the high dominance in this cycle is set and will be 61.53%. Although we were already expecting around 63-64%. But, apparently, altcoins will soon start showing results that even possible 'candles of God' for #BTC will not ensure an increase in its dominance.

Should we take this signal seriously? Let's look at past similar signals:

On November 11, we congratulated you on the proven start of the #BTC bull run, because the price transitioned to a sustainable uptrend on the weekly timeframe. At a rate of $80,757. Since then, the asset has already increased by 28% at its peak, reaching $104,088.

On November 25, we congratulated you on the proven start of the ETH bull run, because the price transitioned to a sustainable uptrend on the weekly timeframe. At a rate of $3,352. Since then, the asset has already increased by 22% at its peak, reaching $4,087.

Now the focus is on dominance. The basic targets for a sustainable downtrend are 53.60%, 52.15%. But these are, of course, only initial targets.

However, right now there is a local argument for a rebound - three Strong signals of a potential low on the two-day timeframe.

In the rebound, one can focus on the EMA 200 daily timeframe level, which is now resistance and is currently around 57.20%.

The movement does not necessarily have to reach this resistance, but we are waiting for a rebound.