👋 Hello, and welcome to Satoshi Frame .
📊 USDT Dominance , after a sharp move toward 6% , got rejected strongly from that level with a powerful candle .
🔻 Following that , it lost its key support and entered a deep corrective phase .
🚀 During this period, Bitcoin and altcoins experienced a strong upward trend , and 🟠 Bitcoin even recorded a new all-time high .
📉 The key support level for USDT Dominance is at 4.12% .
⚠️ If this level is broken, Bitcoin could potentially reach a new all-time high again .
📐 I’ve drawn my Fibonacci from the point where the support was lost , the structure broke , and the previous uptrend turned into a corrective or bearish trend .
🔽 The breakdown of that key support pushed USDT Dominance down to 4.12% , where we saw strong buying pressure in Bitcoin and altcoins, leading to a sharp upward movement.
🔄 Price then retraced to the 0.382 Fibonacci level (4.61%) , acting as a corrective pullback within the ongoing downtrend.
❌ However , this area triggered a rejection , and now we are witnessing another decline in USDT Dominance.
💡 Disclaimer : This analysis is for educational purposes only and should not be considered financial advice . Always do your own research and manage your risk before making any trading decisions .
📊 USDT Dominance , after a sharp move toward 6% , got rejected strongly from that level with a powerful candle .
🔻 Following that , it lost its key support and entered a deep corrective phase .
🚀 During this period, Bitcoin and altcoins experienced a strong upward trend , and 🟠 Bitcoin even recorded a new all-time high .
📉 The key support level for USDT Dominance is at 4.12% .
⚠️ If this level is broken, Bitcoin could potentially reach a new all-time high again .
📐 I’ve drawn my Fibonacci from the point where the support was lost , the structure broke , and the previous uptrend turned into a corrective or bearish trend .
🔽 The breakdown of that key support pushed USDT Dominance down to 4.12% , where we saw strong buying pressure in Bitcoin and altcoins, leading to a sharp upward movement.
🔄 Price then retraced to the 0.382 Fibonacci level (4.61%) , acting as a corrective pullback within the ongoing downtrend.
❌ However , this area triggered a rejection , and now we are witnessing another decline in USDT Dominance.
💡 Disclaimer : This analysis is for educational purposes only and should not be considered financial advice . Always do your own research and manage your risk before making any trading decisions .
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t.me/satoshiframetr
t.me/satoshiframetr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframetr
t.me/satoshiframetr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.