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#BTC DOMINANCE ANALYSIS
BTC Dominance is facing rejection from the resistance trendline of a symmetrical triangle pattern, signaling potential bullish momentum in the ALTS coin market. It is currently trading above the 100MA and the Ichimoku Cloud, both of which are acting as key support levels.
A breakdown below the Ichimoku Cloud and the triangle pattern could trigger further downward movement. This is a critical level to monitor closely for potential market shifts.
It's crucial to note that BTC Dominance typically has an inverse relationship with the altcoin market cap, so a breakdown could signal potential bullish momentum for altcoins.