BTC.D
4-Hour Chart
BTC dominance has executed a clear 5-wave decline on the 4-hour timeframe with strong bearish momentum.
watching the 50–65% Fibonacci retracement zone for potential relief rallies. Long entries are best around major support at the lower Fibonacci bands (51-53%), targeting a bounce back toward 57–59% whih price is currently targeting.
For shorts, entries near resistance at the 58–59% zone align with a likely rejection in a continuing downtrend; a breakdown below 54% may accelerate altcoin season rotation.
Daily Chart
On the daily, technical indicators like RSI and MACD have confirmed the bearish trend in dominance, underscoring persistent selling and capital rotation to altcoins.
Effective long DCA entries are typically at significant structural supports, currently found between 50–52% dominance for a technical reversal play.
Short entries on dominance are best placed near resistance after relief rallies, particularly between 59–61% if price retests these zones and fails to break out.
So watch out for the minor pullback back today upward move to 58-59 levels, then expect alts to start moving back up
source https://www.tradingview.com/chart/BTC.D/ONLDnBaT-BTC-D/
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