The dominance of USDT+USDC with a mark of potential highs on the 4-hour timeframe, while the dominance of BTC is preparing for a decline. It will happen today or at the latest - tomorrow. But the good news is that the market likely just doesn't have time for a prolonged decline based on these two indicators. The timeframe is again - today and, at most, tomorrow.
Let's start with the first. The last similar signals for stablecoin dominance were on January 13 and 23, and they resulted in market growth.
This is from the good news. Also from the good news - the EMA 50 on the 3-day timeframe for this dominance is currently restraining growth.
There is a chance that the scenario of moving above 6% may not play out. The candle closes in 6.5 hours, and if it closes below this EMA and with a bearish shadow above - for the market, this would mean, if not a reversal, then a chance to stop the decline or a range where altcoins will be given more liquidity.
From the bad news - those same 6.5 hours until the end of the day, in which the situation on the 4-hour timeframe can still change significantly, and dominance, even without breaking reversal marks (which, let us remind, can be up to three in a row), is still capable of significantly rewriting the high.
Regarding the dominance of #BTC. With today's somewhat crazy day, we only just saw its signals. If we had seen it earlier, I would have been more optimistic. Here’s another definitely good news - there are already two marks of potential highs on the 12-hour timeframe and three marks of potential highs on the 4-hour timeframe.
This is quite a powerful combo; it has already started to work out and promises growth for altcoins. Also, dominance has clearly pierced a strong resistance - an upward trend line since November 2022 (marked with a dotted line).
