$BTC Dominance is rebounding from the marked horizontal S/R level, with the Ichimoku Cloud acting as resistance above the current price action. The price is testing the lower boundary of the cloud, and a successful rejection here could signal a downward move. Keep an eye on upcoming price action. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. crypto
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#BTC DOMINANCE ANALYSIS
$BTC Dominance is rebounding from the marked horizontal S/R level, with the Ichimoku Cloud acting as resistance above the current price action. The price is testing the lower boundary of the cloud, and a successful rejection here could signal a downward move. Keep an eye on upcoming price action. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. crypto