$USDT dominance has broken down from its rising channel after trading within it for nearly 230 days. This could be a positive sign for the BTC and altcoin markets, as the dominance of USDT shifts toward BTC and alts. The daily close has confirmed this breakdown. USDT.D is likely to decline toward the 5.06% support level, after which we might see a retest before ultimately dropping to the 4.74% level.
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