🚹 #BTC Dominance – Market Update ⚠

Current level: 58.64%

Market Structure

‱ BTC dominance is currently rejecting from the daily fair value gap (FVG) after recently bouncing off a daily support zone

‱ Price continues to respect the broader bearish structure as long as it remains under the 60.10% resistance level

‱ Multiple supply zones remain intact above 60.75% and 62.50%, keeping pressure on the upside moves

Outlook

‱ As long as BTC dominance trades below 60.10%, bearish bias stays valid

‱ The 57.00%–56.50% demand area remains a key short term support zone that may hold price temporarily

‱ A clean break below 56.50% could expose deeper downside targets toward the 55.50%–55.00% demand region

‱ Reclaiming and holding above 60.00% would be the first sign of possible bullish reversal

Market Catalyst

‱ Today is Tuesday, September 23

‱ Three high impact news events are lined up:

– Flash Manufacturing PMI at 6:30 PM (medium expected impact)

– Flash Services PMI at 6:30 PM (medium expected impact)

– Powell’s speech at 9:30 PM which could trigger extreme volatility

Impact on Altcoins

‱ Rejection from the daily FVG supports short term strength in altcoins as capital rotation continues

‱ Sustained dominance under 60.00% is favorable for altcoin performance

‱ Any strong recovery above 60.00% would likely slow down altcoin momentum

Conclusion

‱ BTC dominance is bearish below the 60.00% resistance level

‱ The 58.00%–57.50% support zone is crucial for short term stability

‱ High impact news today, especially Powell’s speech, could drive sharp moves across both BTC dominance and the altcoin market

#MarketPullback #Binance #BTCè”°ćŠżćˆ†æž