π Technical Overview
Bitcoin Dominance has declined from 62.6% to around 61.3%, forming a clear corrective leg within a rising channel. This drop has currently paused at a major static support, where price action is consolidating in a contracting triangle pattern near the channel’s lower boundary.
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π§ NeoWave Interpretation
We are likely in the final stages of Wave D of a larger Diametric structure, unfolding within a rising channel. The correction from 62.6% resembles a complex, slowing wave D that may be near completion.
Two key scenarios are now in play:
1. πΊ Breakout of the triangle’s upper boundary would mark the start of Wave E, pushing BTC Dominance higher and triggering a sell-off in altcoins.
2. π» A breakdown of static support (61.3%) would likely be short-lived, as the channel’s lower trendline may provide dynamic support — still leading into a bullish Wave E.
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π Smart Money Summary
* π‘ Wave D likely completed near a strong confluence zone
* πΌ Watching for a triangle breakout — potential early signal for Wave E
* π₯ Failure of altcoins to maintain strength supports this thesis
* π§ Bias remains bullish BTC.D unless 60.9% channel support decisively fails
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π― Strategy Outlook
In such wave structures, Wave E tends to be sharp and sentiment-shifting. With BTC.D sitting on strong support and consolidating in a terminal triangle, exiting altcoins before a breakout is a risk-averse decision.
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β Conclusion
BTC Dominance may be at the end of Wave D. If the triangle resolves to the upside, expect dominance to climb rapidly — likely reversing the recent strength seen in altcoins. A bullish Wave E appears imminent unless invalidated.
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