#btc
BTC Dominance
Guys, I'll update the new Alts later.
BTW, I want to share first about my views on BTC Dominance.
We know that BTC Dominance is important so that we can anticipate financial flows moving to BTC, right? Or are you parking at USDT? Or maybe in Alts??
Well, the fact is that currently BTC dominance is consolidating, after yesterday the BTC ETF Spot was approved, interestingly the market is actually leaving BTC.
Maybe this was due to their disappointment as a result of the BTC price not increasing significantly.
So weak hands tend to Sell their BTC and move to Alts.
Well, apart from that speculation, BTC Dominance is currently flat.
The direction is not clear whether to take it up or down.
If we refer to the downward momentum, there should be a chance for BTC Dominance to fall again, but let's just guess.
It's best to set an alarm above Resistance and below Support, whichever is beaten, that's the signal for our next reaction.
