USDT Dominance at Key Support Zone
USDT dominance is currently at a notable support level, signaling a possible shift of capital from cryptocurrencies into stablecoins in the short term. If the current level holds and rejects, this could point to a Short term bearish outlook for the crypto market.
In this scenario, we may see USDT dominance rise above to its previous swing low of 4.58+, followed by a sharp drop of around 2.63%. During this phase, the crypto market could experience an initial retracement (dip) before resuming its new stage of Bull RUN 📈
Caution for New Long Positions
Caution is advised when opening new long positions, especially in BTC and altcoins. To consider entering the market, BTC must either break out above 99,000 on the daily chart or revisit the key area of interest at 90,500–91,500. If these levels are confirmed, it could present an opportunity to long your favorite altcoins and BTC
#USDT。 #BTC☀️