$BTC .D 4H :
Bitcoin Dominance appears to be developing a complex corrective structure.
The previous decline formed a Diametric pattern, followed by a recovery that appears to be unfolding as a Triple Combination. The current structure suggests that the final phase of this recovery may be approaching completion.
BTC Dominance is currently trading around 60.37%, with the 60.60%–60.80% region representing a key resistance area.
A rejection from the current resistance zone could mark the beginning of a broader bearish continuation in BTC Dominance.
The projected downside targets are:
59.31% : Initial target
59.09% : Intermediate target
58.64% : Extended downside target
Bitcoin Dominance appears to be developing a complex corrective structure.
The previous decline formed a Diametric pattern, followed by a recovery that appears to be unfolding as a Triple Combination. The current structure suggests that the final phase of this recovery may be approaching completion.
BTC Dominance is currently trading around 60.37%, with the 60.60%–60.80% region representing a key resistance area.
A rejection from the current resistance zone could mark the beginning of a broader bearish continuation in BTC Dominance.
The projected downside targets are:
59.31% : Initial target
59.09% : Intermediate target
58.64% : Extended downside target
