BTC.D nearing 48%: setup for altcoin capitulation then rally

I’m watching BTC.D and expect it to move down toward the 48–50% area, where there’s strong support.

I think a rebound from that zone will trigger fear and a dollar-denominated pullback across the crypto market — not a dramatic reversal, but enough to force many holders of ETH and alts to sell.

After the capitulation, I expect small-cap altcoins (and ETH to a lesser extent) to rally strongly. A break of BTC.D below ~48% would likely mark the final phase before a major altcoin impulse.