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BTC Dominance (BTC.D) Falls: Are Altcoins Awakening?
📉 The 4 Hour chart of Bitcoin Dominance is giving us the signal we were waiting for. The structure is clearly bearish, losing the 59% level and now standing at 58.90%.
What does the chart tell us?
🔴 Trend: Dominance is being constantly rejected by the upper moving averages (red and yellow lines).
📉 Indicators: The RSI at 41 and the negative DMI confirm that Bitcoin is losing relative strength against the rest of the market.
My Macro Reading: This is usually the prelude to a mini rotation of capital. If BTC.D continues to fall, we could see a green weekend for coins like $ETH , $SOL and the DeFi ecosystem. It's time to watch your pairs against BTC.
What does the chart tell us?
🔴 Trend: Dominance is being constantly rejected by the upper moving averages (red and yellow lines).
📉 Indicators: The RSI at 41 and the negative DMI confirm that Bitcoin is losing relative strength against the rest of the market.
My Macro Reading: This is usually the prelude to a mini rotation of capital. If BTC.D continues to fall, we could see a green weekend for coins like $ETH , $SOL and the DeFi ecosystem. It's time to watch your pairs against BTC.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
92,235.28
+2.33%
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