BTC Dominance
As mentioned in the previous analysis, the Tetra Index (USDT) has entered a strong bearish wave after reacting to the 4% resistance and has lost its previous floor.
Accordingly, as long as the Tetra's dominance index is below 3%, the downward trend will continue and if the scenario is realized, this decline will continue up to about 2%.
The growth of the mentioned index and stabilization above 3% resistance will be a loss of support for both previous analyzes in the Bitcoin chart and the whole market cap.
In case of any change, the analysis will be updated again
As mentioned in the previous analysis, the Tetra Index (USDT) has entered a strong bearish wave after reacting to the 4% resistance and has lost its previous floor.
Accordingly, as long as the Tetra's dominance index is below 3%, the downward trend will continue and if the scenario is realized, this decline will continue up to about 2%.
The growth of the mentioned index and stabilization above 3% resistance will be a loss of support for both previous analyzes in the Bitcoin chart and the whole market cap.
In case of any change, the analysis will be updated again
Crypto Club TA team
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/IrCryptoClub