‼️ USDT Dominance Analysis ‼️

USDT dominance is showing negative signals on the 1D timeframe, with a bearish divergence suggesting a potential drop. We have strong resistance between 6.32 and 6.55, where the price has touched the resistance twice and then dropped sharply.

Currently, we have a support line between 5.35 and 5.20, with the Trendline providing strong support. This area is likely to be a strong zone for a dominance bounce.

If we break the 5.16 support along with the Trendline and confirm the break, the near-term targets will be:

Target 1: 4.75

Target 2: 4.40

For the longer-term targets:

Target 1: 3.80

Target 2: 2.45

📝 Note: If the Trendline is broken, we can expect a significant and strong rally for Bitcoin and other cryptocurrencies, Insha'Allah.

However, if the 3.80 support is broken, we might witness explosive and wild price movements in cryptocurrencies and Bitcoin, and we will achieve excellent profits from Bitcoin and crypto gains 🚀.

Wishing you all the best and good fortune!

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