This chart shows $BTC Dominance (BTC.D), which is Bitcoin's share of the total crypto market value. Technically, there's a very clean range structure.

On the BTC.D chart, there's been a prolonged squeeze between %58.2 – %60.1. Middle band: %59.1 (balance point / pivot). Clearly a range market (period of uncertainty).

* Upper resistance: %60.0 – 60.1
* Middle level: %59.1
* Lower support: %58.2

These levels have been tested repeatedly and are working very strongly.

The current price is currently trading below the pivot (59.1). Recent moves are creating lower highs (weakness). Every move to the upper band is rejected.

My expectation is first a small reaction to the 59.5 – 60 band with a wick, then rejection and subsequently a drop to the 58.2 support.

If BTC dominance falls, #Altcoins strengthen (ALT SEASON bias). While BTC remains sideways/weak, alts outperform. Particularly, $ETH mid-cap alts perform better.

The market is currently uncertain but closer to a downside break. As long as it stays below 59.1, bearish bias continues. The likelihood of 58.2 being tested is high. This also means a shorter-term environment favoring altcoins. However, I think this situation will be short-term. We may see a false spring rally.

⚠️ #Not an advertisement or investment advice. Analysis is my personal opinion. It does not contain certainty.