Recently, the trend of Bitcoin's market share (BTC.D) has attracted market attention. Technical analysis shows that BTC.D has formed a head and shoulders pattern and is currently in the right shoulder completion phase. The neckline of this pattern is at 60.43%, coinciding with the important price level swap zone on the weekly chart and the 0.618 fibonacci retracement level, suggesting that the current rebound strength may be insufficient.

If BTC.D breaks below the neck support at 60.43%, it may trigger an accelerated decline, with a potential target at 55.30%. This trend could have a significant impact on the overall cryptocurrency market structure.

It is worth noting that the decline in Bitcoin's market share is often closely related to the improved performance of small-cap cryptocurrencies (commonly known as "small coins"). If the above technical pattern is confirmed, we may see a strong upward trend for small coins.

However, investors should proceed with caution and closely monitor market trends. While technical indicators provide valuable insights, the high volatility of the cryptocurrency market means that situations can change at any time. It is recommended to conduct thorough research and risk assessment before making any investment decisions.

Regardless of how the market changes, maintaining vigilance and adaptability is key to success in this rapidly evolving industry. As the situation unfolds, we will continue to follow the trend of BTC.D and its potential impact on the entire cryptocurrency ecosystem.