BTC Dominance (BTC.d) Current Analysis

📊 Overall Outlook:
Since December, BTC dominance has been in a sustained uptrend. Recently, this trend has been tested for the third time, but it has not been broken yet.

🔍 Technical View:

On the daily chart, the current support area was tested to the downside, but a clear breakdown has not occurred.

The 3 AM (UTC) daily close is critical. If BTC.d closes above this level, it will be important to observe whether it retests or breaks the trend in the following day.

📉 Potential Breakdown Scenario:
If a downside break happens, BTC dominance could pull back step by step towards these levels:

First target: 64.55

Next supports: 64.05 → 63.72 → 63.13

Losing the 63.13 level would mean BTC.d is falling below the weekly ascending channel that has been in place for almost three years. In this region, some consolidation (price squeezing) can be expected.

If the 63.13 level is also lost, a pullback down to 62.14 could occur.

This would potentially lead to the loss of both major channels, triggering the start of an altcoin rally.

📈 Upside Scenario:

If BTC.d reverses after this trend test, a rise towards 66.29 is expected.

From there, if BTC.d faces rejection, it could then enter a downtrend phase, initiating the awaited altcoin rally.

💡 Conclusion & Expectation:
For a long time, market interest has been focused on BTC. A potential decline in BTC dominance is expected to shift interest and liquidity towards Ethereum and subsequently altcoins, which could ignite the altcoin rally.

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