
Timeframe 1D: USDT Dominance has reached 7.136% and is testing the key resistance zone of 7.10–7.20%. An ascending triangle has formed on the daily chart. A series of higher lows indicates that USDT.D buyers are gaining strength. The Ichimoku cloud is below current levels, forming an additional support area. Important: Dominance has already reached 7.253%, but failed to hold above resistance. This points to the risk of a false breakout. Two scenarios
The bullish USDT.D scenario is negative for the crypto market. A daily candle closing above 7.20%, followed by the level holding, would confirm a triangle breakout. In that case, the likelihood of further growth in USDT dominance and increased pressure on BTC and altcoins would rise.
The bearish USDT.D scenario is positive for the crypto market. A rejection at resistance followed by a move back below 7.10% would create conditions for a correction toward the ascending trendline and the Ichimoku support zone. A break below this support would increase the likelihood of declining dominance and a recovery in cryptocurrencies. My takeaway: The decisive zone now is 7.10–7.20%. USDT.D’s rise remains strong, but a breakout above resistance has not yet been confirmed. A move to 7.253% followed by a return inside the range means we must consider the possibility of a false breakout. At the same time, the market backdrop remains weak: according to Binance, the crypto market capitalization is about $2.49 trillion, and the Fear Index is at 28. Conclusion: In the short term, the risk of further pressure on cryptocurrencies remains. However, a confirmed hold above 7.20% by USDT.D is necessary to strengthen this scenario. If dominance fails to hold resistance, the likelihood of a local recovery in BTC and altcoins will increase. Important: USDT.D reflects USDT’s share of the total crypto market capitalization, not a direct inflow of capital into the stablecoin. DXY is considered separately: its inverse relationship with cryptocurrencies is not constant. #USDTdominance #BTC #CryptoMarket #TechnicalAnalysis #MarketOutlook
