USDT Dominance: Be Cautious!
USDT dominance is once again approaching its support trendline. Since March 2024, this trendline has been holding, and for the market to turn bullish or for an altseason to begin, USDT.D must break below this support trendline.
However, we need to be cautious about a rebound. If USDT dominance rebounds from the support, BTC and other altcoins are likely to experience another bearish move.
Important Points:
~ Support Trendline: 5.30%
~ Bearish Scenario for the Market: A rebound from the support trendline.
~ Bullish Scenario for the Market: A breakdown and close below the support trendline.
Note: Always do your own research and analysis before investing.
However, we need to be cautious about a rebound. If USDT dominance rebounds from the support, BTC and other altcoins are likely to experience another bearish move.
Important Points:
~ Support Trendline: 5.30%
~ Bearish Scenario for the Market: A rebound from the support trendline.
~ Bullish Scenario for the Market: A breakdown and close below the support trendline.
Note: Always do your own research and analysis before investing.
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