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Market Cap USDT Dominance, %

$USDT.D: Bearish Chart

224
USDT.D | 3D

Price action on USDT dominance has been significantly cleaner than BTC in recent weeks, providing much clearer pivot signals.

On the 3-day chart, we can see that the 5% level has turned into a strong supply zone and is currently being rejected. If the price fails to reclaim the 5% level, it will likely move back down toward the 4.30% level.

Outlook: Expecting BTC to sweep local highs while USDT.D remains bearish.

Potential downside levels: 4.5% and possibly even 3.90%
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Chart Patternsusdtdusdtdominance

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Chart Patternsusdtdusdtdominance
Tealstreet
Tealstreet.io Trade Faster & Trade Easier

Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Also on:

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.