🔎 Bitcoin – Ethereum – BTC Dominance: What I’m Watching Right Now

Let’s start with Bitcoin. There’s been a clean bullish pennant forming from the 107,883 $ area, and the breakout brought us up to 119,966 $. This is the level I’m focusing on right now. If we stay above it, I’m looking for a push toward 123,248 $ next. And if momentum continues, the next possible stop is around 131,271 $. It’s all about holding above that 119K zone — no strong close above, no real breakout confirmation.

Ethereum is also in a key spot. We got a pullback to around 3,526 $, just like expected, and now ETH has bounced back and taken out the 3,761 $ resistance. If we get a solid close above it — especially during the late session — the next upside target for me is 4,109 $. If we break through that, then 4,345 $ is the next major level I’m watching. But if ETH gets rejected from 4,109 $ and BTC dominance starts rising again, then yeah… we could be in for a decent correction across alts.

Now about BTC dominance — this one’s been climbing inside a rising channel for almost three years. It’s tight right now, and we need a breakdown to give room for altcoins. I’ve said this before: losing 60.38 % is the first sign that altcoins could finally breathe. But the real test is 59.64 %. That’s the line. A bounce there = pressure on ETH and alts. A clean break and hold below it = altcoin rally likely starting. That simple.

As for macro stuff, the market is getting more confident about a possible 25 bps rate cut from the Fed in September. If that actually plays out, it’s great news for crypto. But if the Fed delays or softens expectations, then we’ll probably see some volatility kick in. So yeah — watching price levels, watching dominance, and keeping one eye on the Fed.
#Gate Launchpad List IKA# #ETH Trading Volume Surges# #Simple Earn APY Breaks 24%#