BTC.D (Bitcoin Dominance) Update
🚨 BTC.D (Bitcoin Dominance) Update 🚨
After completing the bearish wave I mentioned in my last analysis, BTC.D has now started retracing. The timing is very important here, because it happened exactly when Bitcoin was rejected from its bullish move. ⚡
👉 This is dangerous for altcoins – if Bitcoin falls while dominance rises, alts can face heavy pressure.
📌 Key retracement levels (Arrows):
* Arrow #3 → First retracement level. If dominance breaks this, expect continuation.
* Arrow #2 & Arrow #1 → Next important levels.
* Arrow #1 is the MOST important because it aligns with both weekly & daily retracement zones from the bearish move.
💡 But as I always remind: Monday is not a pattern day. We need the daily candle close to confirm the real direction.
✅ What to do if analysis confirms?
* Take profits on alts and park liquidity to re-enter later when reversal is confirmed.
* If you still want to hold, at least scale out partially to protect gains.
⚠️ Second Scenario: If BTC.D breaks Arrow #4 and the 58% level on the daily, that’s the bearish confirmation for alts.
🚀 Stay sharp, stay disciplined! The key is preserving profits and being ready for the next golden entry. Market always rewards patience.
source https://www.tradingview.com/chart/BTC.D/X1r8xVq8-BTC-D-Bitcoin-Dominance-Update/
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