The crypto market is approaching a crucial moment! 📊 The next move in Bitcoin Dominance (BTC.D) and TOTAL3 could determine whether altcoins continue their rally or face another correction.
🟠 BTC Dominance: The Bears' Last Line of Defence
BTC Dominance is moving higher toward a critical Fibonacci resistance level. If this resistance breaks, BTC.D could move toward the descending resistance trendline, potentially putting more pressure on altcoins.
However, if BTC Dominance gets rejected, altcoins could have an opportunity to recover and regain bullish momentum. 👀
🔻 TOTAL3: Can Buyers Defend Support?
TOTAL3, which measures the combined market capitalization of crypto assets excluding Bitcoin and Ethereum, has lost its daily 50 moving average and faced rejection at Fibonacci resistance.
Here are the key levels to watch:
🟡 Yellow support zone
⚪ White support zone
📉 Daily 100MA and 200MA
These areas could become important if buyers step in to defend the market.
🐂 What Could Happen Next?
My expectation is that TOTAL3 could find support around the yellow zone and attempt another move upward. However, if buyers fail to defend these levels, the market could face a deeper correction.
If BTC Dominance breaks resistance while TOTAL3 loses support, altcoins could come under additional selling pressure.
On the other hand, a rejection in BTC Dominance combined with a strong recovery in TOTAL3 could create a more favorable environment for altcoins.
⚠️ Remember: These are technical possibilities, not guaranteed outcomes. Always manage risk and avoid entering trades without confirmation.
👇 What do you think? Will altcoins continue pumping, or are we heading toward another correction? Share your opinion!
#Crypto #BitcoinDominance #Altcoins #TOTAL3 #Bitcoin $BTC
