🚀 Hey Traders! 👋
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Bitcoin dominance (
BTC.D) is trading inside a beautifully defined rising channel on the 4H chart.
📈 What’s unfolding?
✔ Strong support holds at the lower channel line (marked by green arrows)
✔ Bounce potential toward the upper channel resistance (~65%)
✔ Expect possible rejection there, followed by another retest of support
💥 Why this matters:
✅ BTC dominance drives altcoin sentiment
✅ Rising dominance → pressure on altcoins
✅ Watch for a breakdown below support → potential altcoin relief rally
⚙ Key Takeaway:
Monitor this channel carefully. If dominance breaks below support, alts could gain momentum. If it bounces, BTC will continue to lead.
💬 Drop your thoughts in the comments — are you betting on BTC or alts next? 🚀👇
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Bitcoin dominance (
BTC.D) is trading inside a beautifully defined rising channel on the 4H chart.📈 What’s unfolding?
✔ Strong support holds at the lower channel line (marked by green arrows)
✔ Bounce potential toward the upper channel resistance (~65%)
✔ Expect possible rejection there, followed by another retest of support
💥 Why this matters:
✅ BTC dominance drives altcoin sentiment
✅ Rising dominance → pressure on altcoins
✅ Watch for a breakdown below support → potential altcoin relief rally
⚙ Key Takeaway:
Monitor this channel carefully. If dominance breaks below support, alts could gain momentum. If it bounces, BTC will continue to lead.
💬 Drop your thoughts in the comments — are you betting on BTC or alts next? 🚀👇
Trade active
🚨 BTC Dominance Update – Follow-Up 🚨
As anticipated, Bitcoin dominance is respecting the ascending channel beautifully!
📈 We’ve just hit the upper resistance zone (~65.50%) and saw an initial rejection from there.
🔄 Next watch zone:
We’re expecting a cool-down phase toward the midline/lower support of the channel (around 64.80%–65.00%) before any major move.
⚠️ Key Takeaway:
A strong rejection from the top & breakdown from the channel = 🔥 Altseason trigger.
Invalidation: Close above 65.50 level.
We’ll keep tracking this closely! 👀 And keep you updated.
Note
📊 BTC Dominance Update
As expected, BTC dominance has broken down from the rising wedge. Currently, it's heading for a bearish retest near the breakdown zone. This move could cause short-term dips in altcoins, especially heading into Monday.
But here's the key:
🔄 Once the retest completes, we’re likely to see renewed upside momentum in Altcoins and a shift back in strength across the board.
Stay patient and be ready—
📌 We'll look to reload our best setups once confirmation hits.
📈 Altseason is about to get started.
—
🧠 Monitoring closely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.