Bitcoin Dominance: Lower High Triggers Altcoin Shift

Bitcoin dominance has printed a lower high and accelerated lower as ETH begins to outperform, setting the stage for broad altcoin momentum that mirrors the 2020 summer rotation.

With BTC testing the lower Bollinger support at $70514.08 while RSI(14) prints 22.27 in oversold territory, the MACD death cross at -913.23 keeps price action pinned beneath both the 50-EMA at $73974.84 and the 200-EMA at $76245.17; any bounce is likely to stall at the upper band near $75457.32 before fresh downside tests the dominance thesis.