USDT Dominance Update
If USDT.D rejects from here, we will see a new all-time high for BTC. In the past, USDT.D maintained strong support at around 3.78% and is currently showing rejection from the resistance level.
A rejection from the current level to the support will be around 14%, which should be sufficient for BTC to reach a new all-time high.
On the other hand, the pattern is also close to a double-bottom, which suggests a breakout and retest.
After analyzing both BTC and USDT.D side by side, I am leaning more toward the rally. However, keeping the odds in mind, I will maintain the 90k-94k support for BTC and make a precise investment.
Please do your own research and analysis before investing. This is not financial advice.
A rejection from the current level to the support will be around 14%, which should be sufficient for BTC to reach a new all-time high.
On the other hand, the pattern is also close to a double-bottom, which suggests a breakout and retest.
After analyzing both BTC and USDT.D side by side, I am leaning more toward the rally. However, keeping the odds in mind, I will maintain the 90k-94k support for BTC and make a precise investment.
Please do your own research and analysis before investing. This is not financial advice.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.