
The $BTC dominance macro structure is a rising parallel channel after a down trend. That is a bearish structure. I am finally seeing a micro compression structure (symmetrical triangle) form within the parallel channel that helps give a better idea as to time. Price just rejected off the upper rail of the symmetrical triangle and is nearing the apex. I think we can expect some type of expansion soon, more likely down. For alts to really move, Bitcoin dominance needs to drop out of the macro structure.
