Order Block Holds, Upside Potential Remains

From a technical standpoint, Bitcoin dominance continues to hold above its latest upward Order Block zone. As long as this level is maintained, the metric could rise toward 65.38%, signaling increasing BTC control over the broader market.

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Such a scenario may spell trouble for Ethereum and other altcoins, especially if ETH loses its key support level. A dominance surge would likely drain liquidity from the altcoin space, triggering sharp pullbacks.

Losing Support Could Trigger A Decline

Every strong trend has its vulnerabilities. If Bitcoin dominance fails to maintain current support, a drop toward 62.80% becomes more likely. Interestingly, this outcome might actually favor altcoins, providing room for short-term relief or rally.

In either case, the market is approaching a critical juncture. Traders would do well to monitor both technical signals and macro trends closely and reassess their positions accordingly.

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The post Critical Levels In Bitcoin Dominance: Are Altcoins Facing A Storm? appeared first on Coin Engineer.