An hour later, a potential reversal candle for BTC closes. They wrote here that we can decline for another 7 hours, gaining liquidity from below. 

Since the post, the price has updated the local loy again, reaching $58,400. Almost reached the EMA 200 daily TF, $57,953.

The current four-hour candle may give a rebound or reversal; there is a signal from the trend reversal indicator. 

The rebound has essentially already been realized, the price has returned above the psychological $60,000 and to the 0.236 Fibonacci level - the rate of $60,184. And this is the first remarkable reaction of buyers after 6 (!) red candles in a row on a four-hour time frame. But until there is a recovery above the volume level of $61,231 (0.5 Fibonacci level on the range of the June 24 candle) - this is still not even an attempt at a reversal. Additional signals are needed. 

Meanwhile,#BTCdominance is actively declining, already 54.39%. After breaking through the EMA of the 50 day TF (currently 55.00%) it goes to the EMA of the 200 day TF (currently 53.84%).

Most altcoins are growing or, in the worst case, standing still. Few are decreasing slightly. In the coming hours, we can expect a local rebound of dominance, but in general, the decline is not over yet. The day is just beginning, if the descending structure continues, the decline in dominance will continue until the end of June and beginning of July.

The goal of dominance after the local rebound maturing overnight is at least the volume level of 53.19%. Next to which the global downward trend since 2017 is now passing (marked with a dotted line). 

This trend separates the market from the altseason. It’s strange to discuss it when BTC is falling like today. But altcoins are now showing their game, recovering from last week’s dump from global trend and other important supports. We remember the latest Coinshares analytics - institutions have become interested in altcoins. Probably now we will start buying a little too.