Let’s begin by discussing the total cryptocurrency market cap. As of June 12, 2025, the market stands at approximately $3.35 trillion, as visible on the chart. The market recently faced rejection near the $3.44 trillion level, indicating a possible short-term top. We currently have a horizontal support around $3.18 trillion, along with a trendline support near $3.08 trillion. Given these levels, we may now observe the market heading downward from this point, at least in the short term.
BTC Dominance (Btc.D)
Now let’s talk about Bitcoin Dominance (BTC.D). On the 1-day timeframe, BTC.D is forming a rising wedge pattern, which is typically considered a bearish reversal pattern. This suggests that if Bitcoin dominance starts to drop, we could see a potential rally in altcoins — in other words, a BTC.D dump often leads to an altcoin pump.
On the 4-hour timeframe, BTC Dominance (BTC.D) is also moving within a rising wedge pattern. Currently, a retest is in progress, and if this retest confirms the pattern, we can expect a breakdown in BTC.D. This would likely lead to a strong move in altcoins, as a drop in Bitcoin dominance typically signals capital flowing into alts. Good days may be approaching — just a bit more patience is needed as we wait for this retest to play out.
Ethereum Update
Looking at Ethereum (ETH) on the 1-day timeframe, we can clearly spot a bull flag pattern, which is generally a bullish continuation signal. However, ETH recently faced rejection at the $2,879 level, failing to break out of the bull flag. Currently, ETH is trading near $2,760, and there’s a possibility that in the upcoming days, we might see it drop toward the $2,411 support zone. If it manages to bounce from that level, there is hope for a successful breakout from the bull flag — Insha’Allah.
On the 30-minute timeframe, ETH has already broken below its upward channel, and a retest is currently ongoing. If the retest fails to reclaim the channel, we are likely to witness a downward move (dump) in the short term.
