Bitcoin's dominance index has been on the rise, now standing at 69.4%. This could indicate a surge in institutional investment, potentially driving up prices. Meanwhile, altcoins are experiencing a pullback, with Ethereum's price dropping 8% in the past 24 hours. As the market consolidates, it's crucial to keep a close eye on key support and resistance levels to make informed investment decisions.

It's important for investors to monitor Bitcoin's dominance and altcoins' performance closely in this shifting market landscape. Understanding key levels of support and resistance can help navigate investment decisions wisely.