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MARKET UPDATE: $BTC DOMINANCE
➖➖➖➖➖➖➖
BTC.D is breaking down below its long-term ascending trendline and the 50-day EMA. A bearish candle close with strong volume, or a successful retest below these levels, could signal the start of a bearish trend in BTC.D.
If this bearish trend continues, it would be a bullish sign for altcoins, as BTC dominance and altcoins typically move in opposite directions.
➖➖➖➖➖➖➖
- Universe_M°
#May Market Outlook