USDT Dominance Update: Its Time to be Cautious!
Updated
USDT dominance is down 15% since our last update. This drop has allowed BTC and other altcoins to rally, and the trend is still ongoing.
The recent chart indicates the continuation of the bearish move, with the current dominance at 5.48%. It has yet to test the support trendline, meaning the market still has some room for the rally to continue.
However, we’ve reached a point where caution is necessary. If we see a rebound in USDT.D on the daily chart, it will signal an exit from all long positions and a shift to short positions.
Our current targets are 5.20% for USDT.D and 69K for BTC.
I will keep you updated, so stay tuned and follow if you haven’t already.
Make sure to conduct thorough research and analysis before making any decisions.
Regards,
Team Dexter
#USDT #Crypto
The recent chart indicates the continuation of the bearish move, with the current dominance at 5.48%. It has yet to test the support trendline, meaning the market still has some room for the rally to continue.
However, we’ve reached a point where caution is necessary. If we see a rebound in USDT.D on the daily chart, it will signal an exit from all long positions and a shift to short positions.
Our current targets are 5.20% for USDT.D and 69K for BTC.
I will keep you updated, so stay tuned and follow if you haven’t already.
Make sure to conduct thorough research and analysis before making any decisions.
Regards,
Team Dexter
#USDT #Crypto
Trade active
BE CAUTIOUS!!!
BTC and other altcoins may be pumping, but USDT dominance is approaching its support trendline. Soon, USDT.D will likely hit the 5.18% support, allowing BTC to rally up to 69k-70k. However, if we see a rebound in USDT.D, be prepared for a potential market crash.
The RSI is nearing the oversold range, indicating a possible reversal in dominance soon.
Invalidation: A daily close below the support trendline.
Make sure to do your own research and analysis before investing.
Regards,
Team Dexter
#USDT #cryptocurrency
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