🔥 BTC Dominance Analysis: Is Altseason Around the Corner? 📉🚀
Looking at the BTC.D (4H) chart, we are seeing crucial technical movements:
SMC Breakdown: After sweeping liquidity and forming a Strong High around 59.16%, BTC Dominance experienced a CHoCH and BOS to the downside.
Support Test: Price has pulled back sharply and is now consolidating right around the lower demand zone and Equal Lows (EQL) / Weak Low area near 59.14%.
What does this mean for the market? 1️⃣ If BTC.D breaks below this demand zone: Capital will likely rotate heavily into Altcoins, potentially kicking off an Altseason 🚀. 2️⃣ If BTC.D holds and bounces: Bitcoin will continue to outperform, keeping altcoin gains in check 🪙.
What's your strategy right now? Holding BTC or loading up on Alts?
👇 Drop your thoughts and targets in the comments!
#BTC #BitcoinDominance #CryptoAnalysis #Altseason #SmartMoneyConcepts
Looking at the BTC.D (4H) chart, we are seeing crucial technical movements:
SMC Breakdown: After sweeping liquidity and forming a Strong High around 59.16%, BTC Dominance experienced a CHoCH and BOS to the downside.
Support Test: Price has pulled back sharply and is now consolidating right around the lower demand zone and Equal Lows (EQL) / Weak Low area near 59.14%.
What does this mean for the market? 1️⃣ If BTC.D breaks below this demand zone: Capital will likely rotate heavily into Altcoins, potentially kicking off an Altseason 🚀. 2️⃣ If BTC.D holds and bounces: Bitcoin will continue to outperform, keeping altcoin gains in check 🪙.
What's your strategy right now? Holding BTC or loading up on Alts?
👇 Drop your thoughts and targets in the comments!
#BTC #BitcoinDominance #CryptoAnalysis #Altseason #SmartMoneyConcepts
