Bitcoin Dominance Index (BTCDOM) is currently approaching an important technical resistance zone. Based on the current trend, it is expected to retreat to the 4550 level, with an estimated decline of about 3.6%. This kind of adjustment is a normal technical correction in the market and also a process of bullish accumulation. For traders who focus on the changes in the dominance index, the performance within this range may influence the overall market's short-term rhythm.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
5 Likes
Reward
5
4
Repost
Share
Comment
0/400
MercilessHalal
· 16h ago
4550? Bro, can you hit the mark this time? Feels like I'm about to get caught again.
View OriginalReply0
MagicBean
· 16h ago
4550? That's a bit uncertain, feels like it's about to break through the level.
View OriginalReply0
BearMarketHustler
· 16h ago
Wait, is the resistance level about to be broken again? Last time I heard you say that, it shot up directly. Now it's about to fall back to 4550?
View OriginalReply0
Rekt_Recovery
· 17h ago
ngl btc's been looking sketchy at that resistance... seen this movie before and it never ends well lol. 3.6% dump sounds like copium but hey, maybe it's actually just another flush? been liquidated too many times to trust the "healthy consolidation" narrative tbh
Bitcoin Dominance Index (BTCDOM) is currently approaching an important technical resistance zone. Based on the current trend, it is expected to retreat to the 4550 level, with an estimated decline of about 3.6%. This kind of adjustment is a normal technical correction in the market and also a process of bullish accumulation. For traders who focus on the changes in the dominance index, the performance within this range may influence the overall market's short-term rhythm.