Bitcoin Dominance Breaks Out: Altcoins in Danger?

🔎 BTC Dominance (BTC.D) – 4H Analysis
• The 5-wave decline has completed right at the 1.618 Fibonacci extension (59.1%), confirming a potential bottom.
• A contracting triangle (A–B–C–D–E) has formed and just broke to the upside, coinciding with the breakout of the descending channel.

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📈 Main Scenario
• With this breakout, BTC dominance is entering a new bullish phase.
• Next targets:
• 60.8% – 61.0% (key Fibonacci resistance + channel top)
• If broken, possible extension to 61.4% – 62.0%

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⚠️ Implications for Altcoins
• Rising BTC dominance usually means capital is rotating into Bitcoin → leading to heavy sell-offs in altcoins.
• Alt traders should be cautious: this move can trigger a broad correction across the altcoin market.

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📉 Alternative Scenario
• If BTC.D falls back below 59.3%, the breakout may turn into a fakeout, and a retest of lower levels could follow.

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✅ Conclusion:
The breakout above the descending channel is a strong signal of trend reversal. As long as BTC.D stays above 59.3%, the path toward 61%+ is favored. This could mark the beginning of a tough phase for altcoins.