The second scenario is happening and Dominance break below the 50% level. The next support for dominance is the 45% area and then the 40% area. Bitcoin dominance is going down because of the ETH rally in the BTC pair. Other alts are not much pumped or struggling in the market. Always use stop loss in all trades because dominance can start a bounce anytime on a weekly timeframe, leading to a dump in alts BTC pair.
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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.