Picture this: you wake up to green candles across your watchlist, yet your portfolio barely moves because Bitcoin continues sucking all the liquidity out of the room. Most traders end up chasing late pumps out of frustration, only to get trapped right before capital actually rotates into the broader market.
We saw a nearly identical setup back in late 2020 right before the macro trend shifted. Right now, $BTC dominance has slipped from 60.4% to 59.6%, resting directly on a crucial 59.5% support level. If this floor gives way and sellers push it toward the 58.8% zone, the market structure begins to favor altcoins in a way we haven't seen in months.
A breakdown below 58.8% would finally give $ETH the breathing room it needs to lead a broader rally. Until we see that sustained breakdown and follow-through volume, calling a full-blown altseason is premature.
Where do you think dominance goes from here?
#Bitcoin #Ethereum #CryptoTrading
We saw a nearly identical setup back in late 2020 right before the macro trend shifted. Right now, $BTC dominance has slipped from 60.4% to 59.6%, resting directly on a crucial 59.5% support level. If this floor gives way and sellers push it toward the 58.8% zone, the market structure begins to favor altcoins in a way we haven't seen in months.
A breakdown below 58.8% would finally give $ETH the breathing room it needs to lead a broader rally. Until we see that sustained breakdown and follow-through volume, calling a full-blown altseason is premature.
Where do you think dominance goes from here?
#Bitcoin #Ethereum #CryptoTrading
