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