Hello Traders,

I hope you are all doing well.

USDT dominance has rebounded as per our previous analysis. It bounced perfectly off the 5.20% support trendline, causing BTC and other altcoins to drop.

If the dominance continues to rally from here, be prepared for a significant market crash. On the positive side, this could present a good opportunity to buy BTC and some altcoins at lower prices.

For now, consider staying in USDT and avoiding high-leverage long trades. Be cautious and always conduct your own research before investing.

Thanks.

#CryptoDailyInsight #BTC☀ #usdtdominnce #Altcoinseason2024

BE CAUTIOUS!!!

BTC and other altcoins may be pumping, but USDT dominance is approaching its support trendline. Soon, USDT.D will likely hit the 5.18% support, allowing BTC to rally up to $69k-$70k.

However, if we see a rebound in USDT.D, be prepared for a potential market crash.

The RSI is nearing the oversold range, indicating a possible reversal in dominance soon.

Invalidation: A daily close below the support trendline.
Make sure to do your own research and analysis before investing.

Regards,
Team Dexter

#CryptocurrencyAnalysis $HMSTR $TON $DOGS