Price is testing the resistance area; let's see how it reacts. A break above this resistance zone could trigger a strong upward rally. Wait for a clear signal before entering new positions.
Bitcoin dominance is currently trading within an uptrend channel. The price is forming a pattern of Higher Highs (HH) and Higher Lows (HL) on lower time frames. The major resistance level is at 60%, and we should observe how the price reacts at this level.