#BTC Dominance Update (1H)

#BTC dominance is trending upward, currently at 58.40%, supported by bullish momentum indicators. The Scaled Squeeze Momentum at 5.01% and RSI at 70.33 indicate strong upward momentum but are approaching overbought levels.

Impact on Altcoins:

Rising BTC Dominance: Suggests capital is flowing into Bitcoin, reducing demand for altcoins. This could lead to a weaker performance in the altcoin market.

Key Resistance: At 58.52%, a breakout could further pressure altcoins.

Support Levels: At 58.13% (AMA-QQE:SPMA) and 57.86% (Tv2:D)—a drop below these levels may signal a short-term shift back toward altcoin strength.

If dominance continues to rise, expect altcoins to underperform relative to Bitcoin. Monitor key levels for potential reversals or breakouts.