Bitcoin dominace update

They say history doesn’t repeat itself, but it often rhymes.

Just like in the previous update on Bitcoin dominance (BTC.D), it rejected the 0.702 level as anticipated. This rejection sparked notable activity in the altcoin market, aligning with historical patterns.

Here’s the current setup:
• The weekly chart RSI has broken down from its uptrend.
• Bitcoin dominance was rejected at 0.702, mirroring the previous cycle.
• BTC.D has broken down from its uptrend channel and is now experiencing a bearish retest of that channel.

Key levels to monitor:
• 59% dominance: As long as BTC.D remains below this level, altcoins should continue to perform well.
• 53% dominance: A break below this level would likely mark the onset of a mega alt season.

Why this is positive for the market:
This consolidation phase provides the market with time to rebuild momentum, reset sentiment, and adjust funding levels, setting the stage for a potential upward trajectory.

During this period, #Ethereum is expected to follow a similar path, consolidating just below the critical 4K level.

Directional Bias:
The overall outlook remains bullish.

This pullback could represent the final opportunity to secure strong entry points and optimize rotations before transitioning into a full-blown #altseason.

While you’re no longer early to the market, significant opportunities still exist. However, once #Ethereum successfully retest $3580, these opportunities may vanish for the remainder of this cycle.

ETHUSDt chart:

ETHBTC chart: