There is an inverse relationship between USDT dominance and the BTC price. Whenever USDT dominance rises, BTC's price tends to fall.
Currently, USDT dominance is at its support level of 3.95%, from where it has
previously bounced twice. Examples April 4, 2022; November 21, 2022;
September 11, 2023; March 11, 2024; and September 2, 2024.
How can we identify whether the market is bullish or bearish?
It's very simple. Open the USDT dominance chart on the weekly time frame and
keep an eye on it. When USDT dominance breaks below the 3.95% support
level and a candle closes below this level, you can consider entering the Bullish
Momentum
