Bitcoin dominance remains positioned beneath the key ascending trendline on the larger timeframe, though the price action tells an interesting story. What's notable is the absence of a definitive 5-wave decline structure—this incomplete bearish setup keeps the potential for a broader ABC correction alive, particularly within wave-(2) territory. This nuance matters. Without that clear downside impulse confirmed, traders shouldn't dismiss the possibility of a more substantial corrective phase unfolding. The chart dynamics suggest caution against overcommitting to bearish bias until we see either a completed five-wave structure or clearer bearish confirmation. Market structure remains fluid.