🔎 BTC Dominance (BTC.D) – 4H Analysis
• The 5-wave decline has completed right at the 1.618 Fibonacci extension (59.1%), confirming a potential bottom.
• A contracting triangle (A–B–C–D–E) has formed and just broke to the upside, coinciding with the breakout of the descending channel.
⸻
📈 Main Scenario
• With this breakout, BTC dominance is entering a new bullish phase.
• Next targets:
• 60.8% – 61.0% (key Fibonacci resistance + channel top)
• If broken, possible extension to 61.4% – 62.0%
⸻
⚠️ Implications for Altcoins
• Rising BTC dominance usually means capital is rotating into Bitcoin → leading to heavy sell-offs in altcoins.
• Alt traders should be cautious: this move can trigger a broad correction across the altcoin market.
⸻
📉 Alternative Scenario
• If BTC.D falls back below 59.3%, the breakout may turn into a fakeout, and a retest of lower levels could follow.
⸻
✅ Conclusion:
The breakout above the descending channel is a strong signal of trend reversal. As long as BTC.D stays above 59.3%, the path toward 61%+ is favored. This could mark the beginning of a tough phase for altcoins.
• The 5-wave decline has completed right at the 1.618 Fibonacci extension (59.1%), confirming a potential bottom.
• A contracting triangle (A–B–C–D–E) has formed and just broke to the upside, coinciding with the breakout of the descending channel.
⸻
📈 Main Scenario
• With this breakout, BTC dominance is entering a new bullish phase.
• Next targets:
• 60.8% – 61.0% (key Fibonacci resistance + channel top)
• If broken, possible extension to 61.4% – 62.0%
⸻
⚠️ Implications for Altcoins
• Rising BTC dominance usually means capital is rotating into Bitcoin → leading to heavy sell-offs in altcoins.
• Alt traders should be cautious: this move can trigger a broad correction across the altcoin market.
⸻
📉 Alternative Scenario
• If BTC.D falls back below 59.3%, the breakout may turn into a fakeout, and a retest of lower levels could follow.
⸻
✅ Conclusion:
The breakout above the descending channel is a strong signal of trend reversal. As long as BTC.D stays above 59.3%, the path toward 61%+ is favored. This could mark the beginning of a tough phase for altcoins.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
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.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
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.