Bitcoin dominance rate

bitcoin dominance level approached 54-55% levels. So what about bitcoin and altcoins? If the dominance level gets rejected at this level, we can see a recovery in altcoins. If dominance goes above this level, altcoins will be crushed. need to be cautious.It is not clear where bitcoin will go, especially when it is time for bitcoin etf to be approved. It is necessary to see whether it will receive approval or not.if sec bitcoin etf approves. There will be no sell the news and bitcoin will reach the $50000 level. If the ETF news is delayed, we may see a retreat to the 38000 band.It was stated that institutions wishing to launch Bitcoin ETFs have overcome a significant obstacle on the way to receiving approval from US regulators in the coming days. U.S. Securities and Exchange Commission (SEC) staff told several exchanges and issuers who want to take ETFs public that they must submit the final version of an important document as soon as possible, Bloomberg reported. Two of those people said staff did not provide additional feedback on several firms' paperwork after the latest changes.