USDT's dominant position is currently at a very critical juncture. On the weekly chart, the index has swept through the lower end of the range, closed back inside the range, and then formed a bullish engulfing weekly candle, completely covering the previous bearish weekly candle.



USDT.D is currently near the 7.6% daily resistance level, with a downward trend line from the high. If the dominance is blocked here, Bitcoin still has some breathing room, potentially pushing up to our expected target range of 84K-85K, which is also where we plan to short. But if USDT.D successfully recovers this level, Bitcoin's bearish outlook will become even more pronounced, with less than a 20% chance of returning to these levels.

This is also why the 75K-76K zone is so important for Bitcoin. If Bitcoin loses this area and USDT.D breaks above 7.6%, the next real target is 64K, followed by forming a new low. #TradFi交易分享挑战 #美伊谈判前景堪忧
BTC-2.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned