📊 BTC Dominance (BTC.D) Technical Analysis

Hello everyone,

As we have emphasized in our previous analyses, BTC Dominance (BTC.D) has been in a major uptrend since December. Recently, it reached the critical lower boundary of this trend channel, which we’ve been monitoring closely.

✅ We highlighted the importance of this level multiple times:
If BTC.D were to bounce from this trend support, it would strengthen dominance and create downward pressure on altcoins. However, a breakdown below this level would trigger relief and momentum within the altcoin market.

🔻 And that breakdown finally occurred three days ago.

📉 First, the 64.60 level was broken to the downside.
📉 Then, the price continued downwards, breaking the 63.72 support, and has now lost the 62.78 level as well.
Currently, BTC.D is trading below 62.78. If we see a daily candle close below 62.78 (global market daily closes at 00:00 UTC), the next support to watch is 62.08. Losing this level will likely open the path towards 61.34.

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📌 The Real Gamechanger: Channel Shift

What is truly significant here is that BTC.D has broken below the first channel of its 3-year-long uptrend.

🔻 As of today, BTC.D has entered the lower channel, indicating potential further downside movement.

Our analysis suggests that the 59.00 – 60.00 levels could be tested in this scenario. These are major psychological and technical support zones, aligning with the lower boundary of the multi-year channel.

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💥 Summary of Scenarios

1. If we get a daily close below 62.78 and a subsequent breakdown of 62.08:
– BTC Dominance is likely to decline towards 61.34 and potentially 60.00.
– This would act as a catalyst for a strong altcoin rally, especially for Ethereum and mid-cap alts.

2. If BTC.D finds support here and bounces upwards:
– The immediate resistance zone is between 62.78 and 63.72.
– A strong bounce could push it back towards the 64.60 level.

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📅 Final Thoughts & Market Outlook

✅ The current technical structure is favorable for altcoins.
✅ This channel breakdown could finally trigger the altseason we’ve been anticipating.
✅ However, remember: A falling BTC.D with stable or rising BTC price is ideal for altcoins. If BTC itself begins a sharp downtrend, the rally could be limited.

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📈 Key Levels to Watch

Resistance: 62.78 – 63.72 – 64.60

Support: 62.08 – 61.34 – 60.00 – 59.00

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🔔 In Conclusion:
The long-awaited channel breakdown on BTC Dominance has occurred. Going forward, daily and weekly closes will be critical for altcoin portfolio strategies. I will continue to share updated insights in the next BTC.D analysis.

📌 Stay disciplined, always prioritize risk management, and never trade without a plan.

#July Market Forecast# #btc.d# #btc# #eth# #pepe#