USDT.D Analysis - July 3 2024Following previous posts, USDT.D crossed below the indicated trendline and it seems it's retesting the trendline at the moment.
crossing above the trendline and the previous high can potentially lead to touching the dangerous level of 5.41% and the higher areas which is equal to BTC's drop below 56,500 level making 50,000 and 43,000 the possible targets!
let's not forget that Mt. Gox is distributing BTCs from many years ago, German Gov. is selling and today FED guys stated that there is no rush in cutting the rates and that they will take their time doing so!
as result market is experiencing sell pressure but BTC must not cross below 56,500 level otherwise things will probably become very ugly!