#BTC DOMINANCE ANALYSIS

$BTC Dominance is currently rebounding above the horizontal S/R zone, showing that buyers are still defending this key level. However, the Ichimoku Cloud above the price action is acting as a #major resistance barrier, limiting further upward movement. If BTC.D breaks below the S/R zone, it could trigger additional downside pressure and signal weakening strength. On the other hand, a breakout above the Ichimoku Cloud would indicate renewed #bullish momentum, potentially leading to an extended #move to the upside. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. #crypto