Bitcoin Dominance – Daily Structure Update

The BTC.D index remains locked in a clear downtrend on the daily timeframe. Since early November, selling pressure has persisted, with price action repeatedly capped by a descending trendline that's proving to be stubborn resistance.

What's notable here is the pattern of rejections stacking up at higher levels. Each bounce attempt runs into seller interest, suggesting solid supply remains in place. This isn't a scenario where buyers are taking control—far from it.

Key Price Zones to Watch:

Resistance sits in the 59.80% to 60.00% range. Breaking above this zone would signal a potential shift in momentum, but we're not there yet. The structure continues favoring lower readings in the near term, with the downtrend still very much intact. Traders should watch for either a decisive break above resistance or confirmation that selling pressure holds.