If you’re still rotating into altcoins just because Bitcoin dominance is slipping, stop now.
A small dip can trigger FOMO, but mistaking a support test for a confirmed breakdown is how traders get trapped in weak $ETH and $SOL entries.
$BTC dominance has fallen from 60.4% to 59.6% and is now sitting directly above the key 59.5% support. Bulls will argue that holding this level could send capital back toward Bitcoin and pressure altcoins again.
The other side sees a clean break below 59.5% as the signal for broader altcoin strength. My take: until that support is decisively lost, calling an altseason is premature.
Does $BTC dominance bounce here, or is 59.5% about to break?
#Bitcoin #Altcoins #CryptoMarket
A small dip can trigger FOMO, but mistaking a support test for a confirmed breakdown is how traders get trapped in weak $ETH and $SOL entries.
$BTC dominance has fallen from 60.4% to 59.6% and is now sitting directly above the key 59.5% support. Bulls will argue that holding this level could send capital back toward Bitcoin and pressure altcoins again.
The other side sees a clean break below 59.5% as the signal for broader altcoin strength. My take: until that support is decisively lost, calling an altseason is premature.
Does $BTC dominance bounce here, or is 59.5% about to break?
#Bitcoin #Altcoins #CryptoMarket
