Smart Money Watching BTC Dominance – Rotation to Alts Incoming

After a deep correction, BTC Dominance has entered a corrective upward phase inside an ascending channel.
Wave A rallied from 60.5% to 62.3%, followed by Wave B retracing to 60.74%.
Currently, Wave C is developing and has reached around 62.2%.

The key resistance sits near 62.7%, exactly at the upper trendline of the channel. This could act as a reversal point, potentially ending Wave C and triggering a bearish move.

💡 Implication:
If dominance drops from this zone, we could see capital rotation into altcoins, supporting a bounce across the broader altcoin market.