Analysis of USDT.D Dollar Dominance
It doesn't differ much from Bitcoin's movement; it's like an inverted chart of it;
An increase in Bitcoin often corresponds with a decrease in dominance, and vice versa.
On the weekly timeframe, there's a bullish divergence supporting the potential for a rise,
And an increase in USDT.D means pressure and a drop in the market overall.
Additionally, the chart shows a bearish flag pattern indicating a continuation,
But in the current context, it might turn into a consolidation before a bullish move.
As long as the price is above the daily FVG,
It is still poised for a rise at any moment,
And any increase in dominance = weakness in altcoins.
If the decline continues, the first target is likely the gap at 6.94,
Then a potential rise towards higher levels.
Scenario cancellation:
A daily close below 6.74% invalidates this analysis.
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God knows best
$USDT
#USDT.D