Bitcoin dominance dropped by roughly 1% yesterday, which has been a strong tailwind for altcoins.
That said, I expect Bitcoin dominance to bounce back soon. A bullish breakout for BTC looks likely, and whenever Bitcoin regains momentum, it tends to absorb most of the market liquidity.
Bitcoin is the first mover, and altcoins follow, that’s how it has always worked.
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Bitcoin dominance dropped by roughly 1% yesterday, which has been a strong tailwind for altcoins.
That said, I expect Bitcoin dominance to bounce back soon. A bullish breakout for BTC looks likely, and whenever Bitcoin regains momentum, it tends to absorb most of the market liquidity.
Bitcoin is the first mover, and altcoins follow, that’s how it has always worked.
So the priority remains: long Bitcoin first.
Alts follow later.