Most traders are glued to the $BTC chart, yet the one flashing a real warning right now is USDT dominance parked at a monthly support that has historically kicked off bigger dumps.
You've felt that pain of buying a dip only to watch it keep falling because you missed the dominance signal. It's how people get trapped holding bags they should have sold.
USDT.D usually moves opposite to $BTC so a bounce from this support typically means capital rotating into $USDT and out of risk. Last cycle $BTC broke its bottoming range looking strong before the dominance rebound triggered a much deeper correction, and $ETH got dragged along with it.
If this monthly level holds the pullback could get uglier than current price action implies. That's the setup that catches traders who only watch the obvious charts.
What's your take on whether this support holds or we see a breakdown that actually helps $BTC?
#Bitcoin #USDT #Crypto
You've felt that pain of buying a dip only to watch it keep falling because you missed the dominance signal. It's how people get trapped holding bags they should have sold.
USDT.D usually moves opposite to $BTC so a bounce from this support typically means capital rotating into $USDT and out of risk. Last cycle $BTC broke its bottoming range looking strong before the dominance rebound triggered a much deeper correction, and $ETH got dragged along with it.
If this monthly level holds the pullback could get uglier than current price action implies. That's the setup that catches traders who only watch the obvious charts.
What's your take on whether this support holds or we see a breakdown that actually helps $BTC?
#Bitcoin #USDT #Crypto
