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#BTC DOMINANCE ANALYSIS
$BTC Dominance has broken down from the ascending channel with significant volume, confirming #bearish momentum. The Ichimoku Cloud is acting as a resistance barrier above the price action, with the price currently testing the lower boundary of the cloud. A successful rejection here would validate the breakdown and signal further downside in dominance. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. crypto