Bitcoin Dominance Rejection and Altcoin Pump
👋🏻 Hey everyone! Hope you’re doing great! Welcome to SatoshiFrame channel.
✨ Today we’re diving into the 1-Day Bitcoin Dominance analysis. Stay tuned and follow along!
👀 On the daily timeframe, Bitcoin dominance has reached a key resistance zone at 60.73%. If this level breaks, we could see a deeper correction across altcoins. However, a rejection and move downward could trigger a strong rally for altcoins. As Bitcoin’s market weight decreases and capital flows into altcoins, we might be entering an early altseason, presenting potential profit opportunities.
🕯 From a technical perspective, Bitcoin dominance is moving within a well-structured ascending channel. The midline of the channel acts as a solid rejection point. A Fibonacci retracement from the previous downtrend shows a 38% overlap with this midline — a tough level to break. After a strong bearish candle rejection from that area, dominance is now heading lower. If the move continues, we could see a test of the channel’s lower boundary, and a confirmed breakdown would strengthen the altcoin bullish scenario.
💰 Typically, capital rotation in crypto follows this pattern: money flows into Bitcoin, then Ethereum, then the top 10 coins, and finally into smaller altcoins — before converting to USDT and exiting the market. With Bitcoin dominance currently at high levels after a solid Bitcoin season, this could signal the early stages of capital shifting toward altcoins. Traders should watch closely for these shifts to maximize profitability.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
source https://www.tradingview.com/chart/BTC.D/FsctiB7d-Bitcoin-Dominance-Rejection-and-Altcoin-Pump/
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