Today, the BTC dominance indicator has once again fallen below the important horizontal mark of 61.69%. Additionally, a steady downtrend has resumed on the two-hour chart. This has been observed since the morning, which predicted a favorable day for the market as a whole.

On the three-hour chart, there are already three potential reversal points, and on the four-hour chart, there are two. The situation is developing towards a rebound and likely a new test of the 61.69% level.

Nevertheless, BTC dominance still maintains an uptrend on the 8- and 12-hour intervals. For positive news regarding altcoins, it is necessary to overcome this, as well as break through the local support trend line at the lows of July 21 and 28.

It is important to note that currently, there are downtrends in the dominance of Bitcoin on the daily, three-day, and weekly time frames.

This "trio" reflects the current market direction towards altseason.

Overall, the picture indicates a continuation of the decline in this indicator. Since the beginning of 2025, a "Bearish Wedge" has formed on the chart, which has already been activated, and its target is around 55.7%.

A more short-term "Bear Flag" is forming, which will activate upon breaking the mentioned local trend line. Its targets, if the breakout occurs now, are 55.7% and 57.85%.

And here it is worth recalling the benchmarks set back in winter:

- indicators above 61.69% are generally unfavorable for altcoins ( positivity is only possible with active growth of the entire market led by BTC),

- consolidation below 59.88% - repeatedly ( after the rise in November ) we take out the champagne,

- consolidation below 58.08% - we open/pour.

Thus, the full realization of the patterns' goals will occur within the framework of the actively ongoing alt season. To change this trend, it is necessary to first rise above 63%, and then above 67%. However, the question of how dominance can reach these levels with such strength of # ETH remains open.

The key puzzle remains how to reconcile the declining dominance of Bitcoin with its price, which could potentially reach the 135,000$ area. Overall, another bullish surge is expected for # BTC.

There are not many options. EITHER such growth in the asset simply will not happen, and it will continue to move within the range, redistributing liquidity in favor of altcoins. OR the influx of liquidity into altcoins during the rise of Bitcoin will be significantly more substantial.