BTC Dominance !

Hello everyone, I invite you to review the situation of BTC dominance in relation to the entire market. And here we can mark with the blue lines the sideways trend channel in which we are approaching the upper limit.

At this point, it is worth looking at the CHOP index, which indicates that the energy has been used. However, when we look at the RSI indicator, we can see that we have strongly exceeded the upper limits of the range. Looking at these two values, we can expect a rebound and capital transfer to other altcoins.

Now we can move on to marking the places of support in the event of a correction. And here in the first place we have support at 45.5%, then support is at 44.3%, 43.2% and then 42%.

Looking the other way, we will also denote the resistance for BTC dominance and here we see that significant resistance is at 48.4% at the upper border of the channel, however when we go higher we can see a rapid increase to around 54.4%.