Just checked the tether dominance chart and noticed something worth paying attention to - we're now sitting at 6.85% market share, which is noticeably higher than where we were a few weeks back. This spike usually signals something important about overall market direction.

Looking at the weekly structure on the tether dominance chart, I can see we've broken through some key resistance levels. The chart has tested the 5.00% and 5.25% zones pretty aggressively, and if we continue higher, the 5.55% level could act as a ceiling before we see any meaningful altcoin moves.

Here's my take: when tether dominance pushes this high, it typically means money is flowing into stables - which usually happens right before a market correction or consolidation. The weekly close this week will be crucial for determining whether we keep climbing or pull back. If we hold above these elevated levels, I'd be watching TOTAL, BTC.D and ETHBTC charts for confirmation before making any spot altcoin moves.

For strategy purposes, if tether dominance peaks around 5.55%, that could be a solid signal to start accumulating alts in stages. Support zones would be sitting around 4.00% and 3.80% levels for taking profits. Remember though - this tether dominance chart is basically a mirror of market sentiment. When it rises, markets usually struggle. When it falls, alts tend to pump.

This is just what I'm observing from the charts, not financial advice. Always do your own research before making moves.