0xwokwok|base.eth (fikriamirudin1)
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⚡️ BTC DOMINANCE : Altcoin Season Watch 🚨 Based on the provided charts and current market insights, Bitcoin Dominance (BTC.D) is showing significant signs of weakness, aligning the path for a potential rotation of capital into Altcoins. Current Market Signal ▶️ Session => Bearish => Short-term pressure to the downsode ▶️Daily => strong Bearish => Momentum is clearly shifting away from BTC. ▶️Weekly => sideways to Bearish =>Failure to sustain recent higha suggests a major correction in underway BTC.D ⬇️/ALTCOIN ⬆️. Confirmed correlation Technical Analysis & Key Levels (1H & 4H) BTC.D has definitively broken its short-term bullish market structure. After peaking near the High High (HH) at 61.52%, the dominance has established a clear downtrend by printing a Lower High (LH) followed by a fresh Lower Low (LL) around 59.82%. 1. Key Levels to Watch: Supply/Resistance Zone: The immediate overhead resistance, which represents the primary selling pressure zone, is located between 60.42% and 60.80%. Any short-term relief rally is expected to find strong selling interest here. 2.Crucial Defense Zone The most critical area for Altcoin movement is the weekly demand zone, marked by the green box, which extends from 59.48% (Prior Week Low / PWL) down to 58.92%. The Altcoin Thesis The technical weakness of BTC.D on both the Daily and Weekly timeframes confirms that capital is beginning to loosen its grip on Bitcoin. Historically, a sustained decline in dominance signals the start of a strong Altcoin Season. The Actionable Trigger: 🔸Confirmation for Alt Season: BTC.D must close a higher timeframe candle (4H or Daily) below 58.92%. A break below this level would shatter the weekly defense structure, likely triggering aggressive capital rotation and initiating a strong rally across the Altcoin market. In conclusion, the structure is bearish, the momentum is bearish, and the ultimate trigger for a major Altcoin move is clearly defined by the 58.92% support level. Stay vigilant and watch for a confirmed breakdown. (Disclaimer: This is a technical analysis update. Trading cryptocurrencies involves significant risk, and you should manage your risk accordingly. Not financial advice.)
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📉 BTC just touched $98,944.36 (24-Hour Low) and bounced slightly to $101,749.10. The RSI and STOCHRS are starting to look overbought on this short chart. Don't be fooled by this small bounce. The 104,000 level must be held for bullish momentum. If it breaks below 98,000 again? Brace yourself for impact. Are your short positions ready? 🐻
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