As an additional perspective to my previous post, where I outlined the same projected scenario using a different wave count — an Impulsive Multiwave structure.
The Diametric view provides a more detailed breakdown of the projected path, illustrating each expected phase and its potential development rather than simply highlighting the target and bottom zones.
This offers a clearer, step-by-step picture of how the entire structure could unfold.
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.
OP appears to be developing a Diametric pattern, with Waves A, B, C, and D seemingly complete.
The current structure suggests that Wave E could be the next major phase, potentially driving a recovery toward the $0,1750- $0.1872 area, which would mark the completion of the upper boundary of the Diametric formation.
Following the completion of Wave E, Waves F and G could develop, with the final bearish leg potentially pushing OP toward its true cycle-bottom zone.
The broader structure remains corrective, and any recovery should be viewed within the context of this larger bearish scenario.