🔎 BTC.D Analysis (4h) – Bitcoin Dominance
The chart above shows the Bitcoin dominance (BTC.D), which represents the percentage share of BTC in relation to the total market value of cryptocurrencies. In other words, it indicates whether capital is flowing more towards Bitcoin or altcoins.
What we observe in the chart (4h):
Recently, a rising wedge pattern was formed, which ended up breaking downwards, following its highest probability.
After the correction, the dominance found support in the region of 58.26%, which remains an important defensive point.
Immediate resistances are at 58.52% and 58.69%, levels that need to be surpassed for BTC to regain relative strength against altcoins.
📌 Interpretation:
If BTC.D stays above the support at 58.26%, it may seek the mentioned resistances again.
If it loses this support, it opens space for greater appreciation of altcoins in the short term.
Remember: this is a probabilistic graphical analysis and is not a recommendation to buy or sell.
Follow me for more objective analyses!
