$BTC.D ANALYSIS
BTC dominance on the 1-day chart is showing a short-term recovery after finding strong support near the 58.5 %–58.6 % zone, which has acted as a demand area multiple times. After a clean rebound from this region, dominance has moved back above the lower boundary of the green zone with increasing volume, indicating buyers stepping in. However, it is now approaching the 59.8 %–60 % resistance, and the Ichimoku cloud above suggests that upside momentum may face some struggle before a clear breakout.
The overall trend remains neutral-to-bullish in the short term as long as price holds above 59 %. A breakout and daily close above 60.2 %–60.5 % would confirm renewed BTC strength over altcoins, likely causing altcoin weakness. Conversely, rejection from this resistance could lead to another pullback toward 58.8 %–58.5 % support. The next few daily candles will decide whether dominance continues its climb toward 61 % or consolidates in this range.
source https://www.tradingview.com/chart/BTC.D/G32gWHDI-BTC-D-ANALYSIS/
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