BTC Dominance Prints Lower Low – Looking for More Downside
The BTC Dominance daily chart (%BTC.D) has officially formed a new lower low (LL) and is now showing rejection at key Fibonacci retracement zones. The macro structure has fully shifted to a bearish trend, and deeper downside targets are now in play.
➡️Market Structure:
👉 A textbook bearish sequence of HH → LH → LL is now confirmed
👉 After a brief bullish bounce from the 60.40% level, price was rejected at the 0.618–0.65 Fib zone (61.4%–61.8%)
👉 A second rejection followed at the 0.236 retracement (59.99%) of the latest swing leg down
➡️ Current Fib Confluences:
👉 Price is now consolidating at 59.18%, which is a 0.5 retracement of the broader move and the near key liquidity zones from previous structure
➡️ The next major support zones are:
👉 59.05% – 58.68% (0.618–0.65 Fib cluster )
👉 57.15% (0.786 target)
➡️ Bias & Outlook:
👉 The recent lower high rejection indicates continued BTC underperformance
👉 If 59.05% fails to hold, dominance could drop toward the 58.6%–57.1% range
👉 A falling BTC.D often results in stronger capital inflows into altcoins
➡️ Key Levels to Watch:
👉 Resistance: 59.99%, 60.9%, 61.7%
👉 Support: 59.05%, 58.68%, 57.15%
This could be the early fuel for an altcoin momentum wave, especially if BTC.D continues trending lower.
source https://www.tradingview.com/chart/BTC.D/KTyOHQ0m-BTC-Dominance-Prints-Lower-Low-Looking-for-More-Downside/
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