Interesting correlation between USDT.D and
$BTC right now.
So far, we’ve followed the 2022 structure almost identically. But at some point, there’s a good chance that correlation breaks and we do something different.
If we continue following 2022 for now, the path is fairly simple:
BTC enters an upper range and chops.
USDT.D fails to sweep its highs, instead forming a lower high before eventually rotating back towards its current support.
That support is the key level.
If USDT.D respects it, expect more chop and consolidation from BTC.
If USDT.D breaks it with significant weakness, that could