🚨BTC Dominance (BTC.D) WEEKLY:🚨
✅Rising Channel Broken: BTC.D was respecting a rising channel since early 2023. Recently, it broke below channel support, signaling weakness in BTC.D.
✅Failed Retest: After breakdown, BTC.D made a small retest near support-turned-resistance (circled). Rejection here strengthens bearish momentum.
✅Weekly MA 50: BTC.D closed 2nd candle below Weekly MA 50, a major sign of weakness in chart.
✅Bearish MACD: Weekly MACD shows bearish crossover with momentum increasing on downside → confirming shift towards altcoins.
✅If downtrend continues, BTC.D could fall towards