BTC DOMINANCE (4H) Update

2024年12月24日

This analysis is an update of the analysis you see in the "Related publications" section

From the point where we placed the red arrow on the chart, Bitcoin dominance correction has started.

After completing wave A, the price entered wave B.

Wave B appears to be a diametric, and we are currently in wave f of this diametric.

It seems that one wave g of this diametric remains, which could extend until December 31, 2024. From January 1, 2025, this index may experience a decline. This date aligns with when Trump takes office, bringing various plans for the crypto market.

If a weekly candle closes below the green zone, this scenario will be invalidated, and Bitcoin dominance will likely experience a more significant drop.

For now, this is our perspective on Bitcoin dominance.

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1月4日

交易开始

We’ve made minor adjustments to the wave lengths, but the structure remains the same.

Exactly from the vertical timeline marked on the chart (December 31, 2024), the decline of this index began, and altcoins recovered.

The support from the previous analysis was engulfed. Therefore, we can potentially move toward lower zones. This support was considered for wave F, not the main movement.

After a slight upward move, it might head toward the next target marked on the chart.

We will follow this analysis step by step.