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(USDT chart) After June 3rd, it is showing a decline as it creates a gap for the second time.
If this decline continues, there is a possibility that the coin market will plunge.
(USDC chart) The reason is that USDC's continued decline is believed to limit the current uptrend of the coin market.
Therefore, if even USDT shows a downward trend by creating a gap, it is expected that the rate of outflow of funds from the coin market will accelerate and the possibility of a sharp drop will increase.
However, USDT is currently in a state where it has renewed its previous high price (ATH), so it is not at risk yet.
If USDT falls below the previous high of 82.467B, i.e., below 81.839B-82.467B, a red flag is likely to be generated, so you should think about how to respond.
It is possible that these outflows were caused by the uptrend in the stock market.
If so, this phenomenon is likely temporary.
Since a lot of money is currently flowing into the investment market, I think that if an issue is created in any investment market, great volatility can occur.
The size and flow of funds in the investment market alone cannot determine the price fluctuations of individual stocks, coins, or tokens.
However, I think it will be a great reference for creating a trading strategy that can respond according to the importance of the current point or section by chart analysis of individual stocks, coins, and tokens.
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Nota
(USDT chart) The HA-High indicator on the 1W chart is rising and is about to be created.
Accordingly, if USDT remains above 82.959B, it is expected to show an upward trend.
USDT broke its previous high (ATH), making two small gap dips while it was trending higher.
Therefore, whether further gap reduction occurs is a key question.
If USDT continues to gap and maintain an upward trend, the coin market will eventually rise.
So, looking at the big picture, USDT should hold above 81.839B-82.467B.
If not, the coin market is expected to plummet.
(USDC chart) Looking at the 1W chart, it is forming a second bullish candlestick.
However, since the 1W chart needs to rise above 33.907B to turn into a rising bird, I don't think the current rise has much impact in the mid- to long-term perspective.
However, since it rose while creating a gap above the HA-Low indicator on the 1D chart, if USDC is maintained above the HA-Low indicator on the 1D chart, there is a possibility of a short-term uptrend.
(BTC.D chart) Whether BTC price rises or falls, BTC dominance is expected to rise around 56.78%-61.73%.
Therefore, I think it is necessary to be cautious about investing in altcoins.
This is because when BTC dominance rises, it means that funds will be concentrated in BTC, so trading of altcoins will decrease by that much.
When that happens, altcoins are expected to gradually move sideways or decline.
If the BTC price repeatedly rises and moves sideways, the price of altcoins will also rise.
However, I think this is only short-term and eventually will gradually move sideways or show a downward trend.
If BTC dominance rises above 61.73% and maintains an upward trend, the price of the altcoin is expected to show a sharp decline.
This is expected to be the second buying season for altcoins.
(USDT.D chart) Fortunately, I think the possibility of a sharp decline in the coin market has decreased by failing to rise above 8.25.
However, if USDT dominance is maintained above 7.14, it may lead to an attempt to rise above 8.25 at any time, so careful trading is required.
The next volatility period is around July 5th, so at this time, it is necessary to check whether there is a movement out of the 6.21-8.25 section.
In particular, it is important whether it is rising or falling based on the 6.85-7.27 section.
The volatility period, which begins around July 5th, is expected to continue until August 2nd, so the movement in this volatility zone is expected to set the trend for the second half of the year.
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