BTC has experienced a significant price decline, dropping nearly 9.5% over the past three days. The ongoing geopolitical conflict and market correction have contributed to this sharp price drop.

On the daily timeframe, BTC is currently trading above the 200-day MA. For a bullish trend to emerge, BTC needs s daily close above $63,000. A daily close below $60,000 could lead to a further decline, potentially reaching $57,000.

On the hourly timeframe, a bullish divergence is observed, with BTC forming lower lows while the RSI forms higher lows. This could be a potential bullish reversal.

USDT dominance is breaking down from a rising wedge, which could signal a potential reversal for BTC. I still recommend accumulating on the spot, as this might be one of the final opportunities before the bull run begins!

#btc70k #usdtdominnce #uptober #BTC

$USDT dominance (USDT.D) was trading above the midline of its channel, but the likelihood of it bouncing back to the upper channel has diminished after breaking a crucial support level following the Fed's 50 basis point interest rate cut yesterday. This indicates a bullish sign for a BTC rally towards $70,000.

Support Levels:
5.43%
5.17%

Resistance Level:
5.78%
#usdtdominnce #fomcmeeting #fedinterest

In Q2 2024, #tether 's reserves reached $118.4 billion, surpassing its liabilities by $5.3 billion. 💰

With $97.6 billion in U.S. Treasury bonds, Tether is now the 18th largest holder worldwide, ahead of countries like Germany, the UAE, and Australia. 🧐

Over its history, Tether has frozen around 1,850 wallets, successfully recovering more than $113 million in stolen assets. 🥶

#TetherTreasury #stablecoin #usdtdominnce

📈USDT reserves on CEX exchanges have been rapidly increasing since August, indicating that these funds are likely to be used for future purchases. 🧐

#USDT #Bitcoin❗ #BinanceMegadrop #usdtdominnce