The Wave Report #15 - BTC.D collapses, rotation confirmed

Reading time: 3 minutes

Back in June, I laid out the two scenarios for Bitcoin Dominance.
The chart was at a critical resistance. A zone that had rejected dominance in 2017, 2019, and 2020.

The playbook was simple:

• Scenario 1: rejection → altcoin rotation begins.

• Scenario 2: one last BTC impulse before the rotation.

Fast forward to today: the market chose.
Scenario 1 is playing out and we already saw a rotation from BTC into ETH

The breakdown

Bitcoin dominance hit the exact same trendline that topped out every major altseason in the past and fell down.

Today:

• BTC.D broke below the dotted trendline that started in Nov 2022 .

• RSI broke down a wedge that formed in 2017

This is not a small move.
It’s the same structural rejection that sparked altseasons in 2017 and 2020.

Capital is leaving Bitcoin’s dominance.
The rotation is live.
We’ve already seen ETH explode from $1.5K to new ATHs.

And here’s the kicker: once ETH fully launches into price discovery, BTC.D will sink even faster. But first one last level stands in the way.

The level that needs to break:

Here’s where it gets interesting.

BTC.D is now sitting at the exact same level where it bounced in the last cycle. Back then, BTC regained dominance for a couple of months before rolling over.

This time? Instead of holding it as support, BTC.D fell straight through.
Now it’s retesting it from below.

👉 Could we see a volatile retest or wick higher? Yes, a fake “BTC comeback.”
This could retest the RSI trendline we just broke down.
👉 But based on cycle timing, I expect it to fail quickly.

In 2020, BTC.D went from here straight to the low 40% zone in just two months unleashing full-blown altseason.

The bottom line

The rejection happened. Scenario 1 is playing out.
The rotation is happening.
The only question left: how fast does dominance collapse this time?

History says: faster than most expect.

See you next week,

— CrypFlow