Bitcoin dominance is currently showing signs of weakness and appears to be losing momentum for another upward move.
If we see a breakdown below the 62% level, a sharp decline toward 57% is likely.
During this phase, it may feel like an altcoin season is approaching, but in reality, most altcoins will likely just be retracing previous losses rather than entering true price discovery.
Still, for those who buy the dips, it can present a profitable rally opportunity—especially in short to mid-term cycles.
— Thanks for reading.
If we see a breakdown below the 62% level, a sharp decline toward 57% is likely.
During this phase, it may feel like an altcoin season is approaching, but in reality, most altcoins will likely just be retracing previous losses rather than entering true price discovery.
Still, for those who buy the dips, it can present a profitable rally opportunity—especially in short to mid-term cycles.
— Thanks for reading.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.