usdtd

🚨 The key to the market lies in USDT.D

Dominance of $USDT faced rejection again at the resistance of 8.91%, while the RSI starts to lose momentum.

📊 Lower dominance of stablecoins usually translates to greater capital flow towards BTC and altcoins.

🎯 Key levels:

❌ Losing 8.30% would favor a crypto market bounce.

⚠️ Recovering 8.91% would increase the risk of further drops.

As long as USDT.D stays below 8.91%, the bulls have a shot.

Is capital rotation towards cryptocurrencies beginning?

#USDTD #bitcoin
$USDT

#USDTD has hit the breakout target of the expanding wedge pattern and got rejected by our major resistance level.

The situation escalated really quickly. Looking at the 4H RSI (mainly sideways action) - This move seems a bit sketchy and "forced"

We're back to a sideways range. The short-term downtrend has been invalidated.

On the larger time frame, everything between support and resistance is just noise: Altcoins can still pump & BTC is moving sideways.

If we break that resistance level, things could change rapidly!

Not financial advice!

#USDTD is still trading sideways above the main support, BUT we're forming a potential HnS pattern on the 4H chart that could eventually (within a week) drop down by 7.1%
🎯
$BTC will then break above 80K.

#USDTD has broken out of our key resistance level!

Still making lower highs, but clearly everyone is panic selling their bags at these lows (again)

This looks like a Wyckoff distribution and this could be the final phase C before a breakout OR a test of phase B of the highs.

I’ll keep you updated, so stay tuned!

#USDTD is still above the key support level, but the 4H RSI looks like it's about to reverse. This could start to tank again this week and push $BTC higher!

#USDTD has pulled off a pump and dump with a bearish divergence on the 4H timeframe, so expect this "fake" rally to crash soon. They do this all the time. (NGL: didn't see this coming)