usdt.d plays a major role in ta and if it, dumps it mostly result in bitcoin pumping. NFA.
dxy always opposes bitcoin, that means if it pumps btc dumps and vice versa, i can see a rising wedge here which is a bearish pattern with a bearish divergence on the rsi which is bearish too, for dxy, so i think this is bullish for bitcoin. Not Financial Advice.
these are some possible scenarios for bitcoin on 1h timeframe
we all know what bitcoin did but only you know that i predicted it (you can check my first post), but now based on what i see bitcoin will dump a little bit to liquidate the remaining long positions at $20740 and it might take off to $23480 from there. Looking at the RSI it is extremely bullish right now. Remember always use a stoploss and to use proper risk...
usdt dominance just broke the falling channel and is now headed to 6.47% which will end up bad for bitcoin and altcoins