USDT.D update - July 6 2024Due to the sell pressure caused by German Gov. and Mt. Gox, USDT.D crossed above 5.4% level and unfortunately BTC dumped below 56,500 zone !
Previously a resistance zone, now the 5.2% - 5.4% area is a support level and it seems USDT.D is doing a retest of the mentioned zone meaning that current greens in the market is likely temporary.
Following the successful retest, USDT.D will most probably head for 6.25% level which means BTC will also head for lower levels (50,000 and probably lower)!
for now let us observe USDT.D's reaction to the support zone!