Bitcoin Dominance Indicates Upcoming Altcoin Rally with Targeted Corrections

The dominance of Bitcoin (BTC) indicates the start of a rally in altcoins. The daily timeframe (4H) shows a reversal pattern, with a correction target of around 64-64.5%, likely to occur swiftly. On the weekly chart, a strong bearish divergence suggests a correction to at least 60-62%, potentially down to 53-57%. Even a dip to 64% dominance could push the TOTAL3 crypto index to approximately $900 billion, while falling below 60% could lower the index to between $1 trillion and $1.3 trillion. The author has been waiting for TOTAL3 to reach $1 trillion and plans to reassess their position at that point, considering whether to hold for $1.3 trillion or exit with profits. This decision will depend on candlestick patterns as the target approaches. Although there are signs of potential decline, the dominance growth since August 2022 has been consistent, and past reversal signals have often been invalidated. Currently, market recovery to early 2025 levels suggests an environment conducive to altcoin gains, especially since altcoins haven't recovered as much as Bitcoin, supporting a continued rise in TOTAL3.