BTC Dominance has been sliding inside a clean Channel Down all morning. And it is still going. 👀

BTCDOM/USDT is forming a Channel Down on the 5M chart with 9 resistance touches and 9 support touches. That level of symmetry equal touches on both sides is not something you see often. It tells you this channel has been respected again and again.

Price is currently in the lower half of the channel and still FORMING.

Two scenarios:

→ Channel keeps holding = controlled downtrend continues in BTC dominance

→ Break above the resistance line = channel invalidated, dominance starts recovering

No confirmed breakout yet. Spotted using ChartScout.

⚠️ DYOR. Not financial advice.

#BTCDOM #bitcoindominance #cryptotrading #TechnicalAnalysis #ChartScout