$USDT.D, looking at the macro picture this doesn't look like something that breaks out to the upside in an impulsive manner.


Stablecoin dominance is now nearing the macro range highs. The range lows are clean and respected, so by my basic range trading principles, the highs should also be respected.
The most ideal scenario from here is some consolidation followed by a final three drives push into the highs. That move would align nicely with $BTC sweeping the $58k region for a clean capitulation low.
Either way, this is a premium zone for $USDT.D and a discount zone for $BTC.
BTC-3.97%
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