Crypto Market Dynamics and the Importance of Dominance Understanding

Having a solid understanding is essential before diving into cryptocurrency trading. The core knowledge is: In 99.9% of cases, when Bitcoin's market dominance increases, altcoins tend to decline. Conversely, when Bitcoin's dominance decreases, altcoins generally tend to rise. There are rare exceptions to this rule. For a clearer understanding, it is advisable to research what market dominance means in its various forms, either through ChatGPT or a web search. It's straightforward enough to grasp this concept without the need for extensive analytical knowledge. Relying on a mentor's video is inappropriate if the information provided is false or misleading. Current market outlook: Bitcoin remains stationary, its market dominance has increased by 2.3%, while altcoins have fallen by 15-20%.