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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Bitcoin and BTC Dominance: Current Market Outlook
Bitcoin (BTC) has been exhibiting volatile price movements recently. Important technical levels are emerging in the short term. Increasing volatility is causing frequent changes in price charts.
Bitcoin dominance (BTC.D) ratio also provides information about the overall structure of the market. When the BTC.D ratio rises, Bitcoin's share in the total market increases, while a decrease in the BTC.D ratio reflects a scenario where the weight of altcoins is increasing. This ratio is often monitored to understand which assets are prominent in the overall market.
When the BTC price movement and the BTC.D ratio are evaluated together, it becomes possible to better understand the market trend. Charts and technical levels provide important clues for analyzing the overall picture.
#BTC# #ETH# #SOL#