🟡Bitcoin Market Cap Dominance (BTC.D)🟡

✔️ When we examine the Bitcoin Dominance (BTC.D) chart on a weekly basis, which is the biggest reason for the sharp declines we have experienced in the crypto markets and especially in the #Altcoin market recently, we see that the dominance percentage has broken the 54.30% level, which it has been having difficulty passing for weeks, and is rising aggressively as of this week. If this rise does not occur along with the increase in the BTC price, many Altcoins will fall even more, despite falling more than 60% from their local peaks last month, and even if these declines remain wicking over large periods of time, they will cause investors billions of dollars in losses in the short term.

✔️ If we examine the chart in more detail: BTC.D is currently in the equal (EQ) zone formed by the previous top and bottom, and around this level can act as resistance in the short term. Another detail we noticed in the chart is the range I showed with light blue lines. When we examine this structure, we see that the 48.70% levels, which we can consider as the equal (EQ / 0.5) level, work as resistance in the bear market and as support with the start of the BTC bull. So 58% levels will be the range high (RH) zone for BTC.D.

✔️ My personal comment: Dominance will exceed the RH level and fall from 60.35% levels (not rising to 0.618, which is the gold rate of OTE) until the bull season ends. If BTC.D shows a movement in line with Fibonacci values ​​and continues its rise after exceeding this level, 61.50% and 0.705 (63.60%), which is the most effective region of OTE under normal conditions, will be the most effective resistance areas. However, as I mentioned, my peak expectation for BTC.D is 60.35% or 61.50%, as the dominance rise to 63.60% levels will disrupt the deviation structure I expect for the light blue range.

✔️ Bottom line: BTC.D is always a guide for long-term investors with its TOTAL charts and the ETH/BTC parity, which is very important for Altcoins. We should not forget that we need to manage our risk according to these graphs! $BTC $ETH $BNB #DYOR!!