BTC Dominance Breaks Structure – Eyes on 60.5% to 62.9% Targets

Downtrend Reversal:

➡️ The macro bearish channel from May–September has been invalidated with a clean breakout.
➡️ Structure shift confirmed: LL → HL → HH
➡️ Volume is increasing on breakout attempts, indicating growing strength in BTC over alts.

Fibonacci Target Zones:

➡️ Nearest target sits at the 0.382 retracement (60.55%)
➡️ Extension levels suggest confluence zones at:
• 61.60% (0.382 ext)
• 62.65%–62.93% (0.618–0.65 Fib cluster)
• 63.32% (0.236 from macro swing)

Support Levels:

➡️ Strong support below at 58.95%–58.58%, marking the previous breakout zone
➡️ HL confirmed above 57.17%, locking in the new bullish structure

📌 What This Means:

A rising BTC.D typically signals capital rotation back into BTC, reducing relative altcoin strength. If dominance reaches the 62%+ range, it may coincide with BTC breaking out while alts underperform.