We haven't looked at BTC and USDT dominance for quite some time.
#USDT Dominance has given the first signal that a decline has begun by closing the day below 6.97. Any upward moves from here should be viewed as mere reactions to the downtrend. This bearish outlook would be invalidated if the price closes above 9.36. A drop in USDT dominance indicates that investors are shifting capital into BTC or altcoins.
When we look at #BTC Dominance, bearish patterns have emerged; if it remains below 57, the decline is likely to continue.
An analysis of the patterns forming in both dominance metrics suggests that a decline is the most probable outcome. This strengthens the likelihood of a rotation into altcoins.
Of course, I do not expect this to apply to *all* altcoins; I anticipate gains primarily for those with favorable charts, active teams, and solid projects.
#USDT Dominance has given the first signal that a decline has begun by closing the day below 6.97. Any upward moves from here should be viewed as mere reactions to the downtrend. This bearish outlook would be invalidated if the price closes above 9.36. A drop in USDT dominance indicates that investors are shifting capital into BTC or altcoins.
When we look at #BTC Dominance, bearish patterns have emerged; if it remains below 57, the decline is likely to continue.
An analysis of the patterns forming in both dominance metrics suggests that a decline is the most probable outcome. This strengthens the likelihood of a rotation into altcoins.
Of course, I do not expect this to apply to *all* altcoins; I anticipate gains primarily for those with favorable charts, active teams, and solid projects.
