Bitcoin's market dominance has exited a year-long ascending channel, suggesting potential gains for altcoins if the current retest level holds. The overall crypto market cap remains compressed between the lows of June and October, forming a decisive range that could indicate broader momentum shifts. Analysts highlight that a confirmed rejection at the retest level may bolster altcoin performance, echoing historical patterns observed in 2021. Traders are closely watching key resistance and support levels for signs of directional movement in this critical market phase.