$USDT Dominance Update: Didn't quite expect this move to be honest. I was only half right.
4.65% acted as a strong support. Bulls are losing steam, bears are stepping in, but there's a catch:
USDT Dominance is now testing a key trendline resistance after multiple clean rejections in the past.
This bounce from the 4.55% zone came with momentum, but unless we see a clear breakout above 4.98%, there's still a chance we can get some relief in BTC and Alts after forming a double/triple bottom in LTFs.
If that happens, watch 4.51%, a breakdown here might trigger the altseason spark and fuel BTC's next big run, till then, stay cautious. You've been warned!
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
$USDT Dominance Update: Didn't quite expect this move to be honest. I was only half right.
4.65% acted as a strong support.
Bulls are losing steam, bears are stepping in, but there's a catch:
USDT Dominance is now testing a key trendline resistance after multiple clean rejections in the past.
This bounce from the 4.55% zone came with momentum, but unless we see a clear breakout above 4.98%, there's still a chance we can get some relief in BTC and Alts after forming a double/triple bottom in LTFs.
If that happens, watch 4.51%, a breakdown here might trigger the altseason spark and fuel BTC's next big run, till then, stay cautious.
You've been warned!
Decision time is near.
#CryptoNews