Bitcoin: Altcoin Liquidity Looms as Dominance Nears Breakdown

Bitcoin keeps sliding amid the ongoing STRC saga even as altcoin sentiment has already turned positive over recent months.

Traders now watch the BTC dominance chart for an imminent breakdown that would align with Ethereum holding higher-timeframe support and redirect liquidity into altcoins once stabilization occurs.

Price action on the 4h chart shows BTC trading at $62971.75 inside the Bollinger Bands with the upper resistance at $66693.4 acting as near-term cap while the lower support sits at $61626.28; the bearish structure remains intact as price holds below both the EMA50 at $64248.87 and the EMA200 at $68818.61, the MACD death cross at -601.03 confirms trend strength to the downside, and the neutral RSI at 40.3 leaves room for further downside before any relief bounce materializes.