After a deep correction, BTC Dominance has entered a corrective upward phase inside an ascending channel.
Wave A rallied from 60.5% to 62.3%, followed by Wave B retracing to 60.74%.
Currently, Wave C is developing and has reached around 62.2%.
The key resistance sits near 62.7%, exactly at the upper trendline of the channel. This could act as a reversal point, potentially ending Wave C and triggering a bearish move.
💡 Implication:
If dominance drops from this zone, we could see capital rotation into altcoins, supporting a bounce across the broader altcoin market.
Wave A rallied from 60.5% to 62.3%, followed by Wave B retracing to 60.74%.
Currently, Wave C is developing and has reached around 62.2%.
The key resistance sits near 62.7%, exactly at the upper trendline of the channel. This could act as a reversal point, potentially ending Wave C and triggering a bearish move.
💡 Implication:
If dominance drops from this zone, we could see capital rotation into altcoins, supporting a bounce across the broader altcoin market.
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
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📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.