BTC Dominance analysis – 1W OB & Market Structure/ Altseason
Market Cap BTC Dominance, % CRYPTOCAP:BTC.D
On the weekly chart, Bitcoin dominance has rejected from the 70% Weekly OB supply zone and is now pulling back.
We currently have three major Weekly OB demand zones below:
54–55% OB
48–50% OB
40–42% OB
Possible scenarios:
1️⃣ A temporary bounce before continuation lower.
2️⃣ A steady decline into one of the OB zones (50% or 42%).
3️⃣ A strong breakdown below 50%, signaling a deeper shift in market structure.
⚡ Key Altseason Signal: If this decline in BTC dominance happens while Ethereum’s price rallies in Daily or Weekly timeframe, it will be a strong confirmation of the start of Altseason, with ETH leading and alts following aggressively.
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source https://www.tradingview.com/chart/BTC.D/MFbLQVSx-BTC-Dominance-analysis-1W-OB-Market-Structure-Altseason/
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