#USDTgift #USDT.D UPDATE:
All eyes on USDT.D for now
As mentioned in yesterday USDT.D update that it is at very crucial level and a breakout from here will not be a good sign for BTC as well as Alts and the same thing happened USDT.D had a breakout from the trendline resistance level and BTC and Alts are bleeding currently.
Now the next strong resistance level for USDT.D is the 5.12% level where we have a weekly 21 EMA resistance level + a supply zone a rejection from here will be a good sign and then we may see a relief rally in BTC and Alts.
If incase USDT.D also flip the 5.12% resistance level then we may see further rejection downside.
This week is packed with events! Today, big companies are announcing results, tomorrow is the FOMC meeting, and about 20% of major firms will release earnings this week..
As events coming + choppy price action and no clear direction yet, Alts and BTC are bleeding it will be good to trade very cautiously and make sure to use SL.
