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Quite a important chart to observe...
USDT.D + $BTC
After the clear break in structure from the previous range’s swing low, we can see on USDT.D that price doesn’t drop below that level.
Instead, it holds and consolidates above the range it broke out from. When you correlate this with BTC, it suggests USDT dominance may be due for a bounce as it approaches the prior bullish break of structure.
The same move that aligned with BTC dropping from 97K to 60K. If a similar pattern plays out, it would imply BTC is likely due for a HTF correction, especially if USDT.D holds above that previous BOS and doesn’t break lower as seen in 2022.
#WCTCTradingKingPK