This was a key trendline support for USDT dominance, which h | EHTSHAM IQBAL on Binance Square

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Bullish

This was a key trendline support for USDT dominance, which has finally broken down after 235 days. and as many of you know, when USDT dominance drops, that's usually when BTC takes off! 🚀
$BTC #Write2Earn #UpdateAlert #USDTdominance 

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The market had a solid weekly close, showing strength. USDT dominance has finally broken below a key support trendline after a long time. This could signal the potential for further upward momentum in the market! $BTC #Write2Earn #UpdateAlert #USDTdominance

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For ETH/USDT, here’s a look at where resistance might come into play: 1. 15-Minute Chart: The first hurdle is right around $2,720, which was the latest peak before a slight dip. If the price can break above that, it could pave the way for further gains. Should it push past $2,720, keep an eye on the next resistance zone between $2,750 and $2,760, based on previous market behavior. 2. 4-Hour Chart: On the 4-hour timeframe, a key resistance level sits at $2,875, which corresponds to a high reached back in August 2024. Clearing this level could point to a more robust bullish trend. If ETH manages to climb past $2,875, the next area to watch would be around $3,000, as it’s a significant psychological barrier where some selling pressure could emerge. Keeping track of these levels can give you a sense of whether the current upward trend is set to continue or if it’s at risk of hitting a ceiling. $ETH #UpdateAlert #Write2Earn

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Understanding AVL and Volume Indicators Across Different Timeframes in Trading

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For BTC/USDT, indicators suggest a strong short-term uptrend, with the price above key EMAs and near the upper Bollinger Band. However, RSI and Stochastic RSI show overbought conditions, hinting at a potential pullback. If BTC breaks above the $69,000-$70,000 resistance, the uptrend could continue. For ETH/USDT, the trend is less clear. The price is near key EMAs, indicating potential for an uptrend if it breaks above $2,800-$3,000. RSI and Stochastic RSI show mild overbought signals, while the MACD hints at a possible bullish crossover. Overall, BTC shows stronger bullish momentum than ETH, with higher chances of continuing its uptrend. $BTC $ETH #UpdateAlert #Bitcoin❗ #ETHETFsApproved #Write2Earn

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"Sell in greed, buy in fear" is a common principle in investing, particularly in stock or cryptocurrency markets. It suggests that you should: Sell in greed: When the market is doing very well and prices are rising, many people get greedy and keep holding on to their assets in hopes of even higher profits. However, the principle advises you to sell when the market is overconfident and prices are high to lock in profits before a potential downturn. Buy in fear: When the market is performing poorly and prices are dropping, fear sets in, and many people sell in panic. The idea is to buy during these fearful times when prices are low, as this may offer opportunities for significant gains when the market eventually recovers. It's about taking advantage of the emotional reactions of the majority by going against the crowd. $BTC #Write2Earn #GreedIndex #FearIndex

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