$BTC .D 🧭📉
The dominance chart is showing intent after tapping the 50 RSI, the first touch since reclaiming above it.
But context matters. This retest comes after the RSI trendline breakdown, which hints that this push could be nothing more than a relief move before continuation lower.
On the upside, 60.40% is the ceiling, where structural resistance and the 200D SMA converge.
A rejection from the RSI trendline retest, or straight off the 200D SMA, both point to the same outcome, a drop below 59% becoming likely in the near term ⬇️
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#Dominance