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Ans: I have pinned the picture of BTC.Dominance in which you can see that the second situation is happening right now. As Bitcoin is reaching near its All time high and facing a very strong resistance and short sellers are very active now. That's why Bitcoin is decreasing and Btc dominance is increasing and the Altcoins are dumping badly๐คฏ.
Bitcoin has to hold this trendline to stay safe otherwise market can dump ๐ .
In case of trendline breakout, our next supports are drawn in the chart.