The USDT.D%(
USDT.D) is, as I’ve mentioned in previous ideas, an important index for crypto market analysis. When it rises, it can lead to a drop in crypto prices, especially Bitcoin(
BTCUSDT).
At present, the USDT.D% appears to have broken the upper line of a falling wedge pattern and has passed the significant 7.4% level, which is a key trading level for USDT.D%.
From Elliott Wave Theory on the daily timeframe, USDT.D% looks like the main wave 4 is complete, and we might be awaiting the wave 5 upward movement. But wave 4 can sometimes become complex.
I expect USDT.D% to begin a volatile rise from the Potential Reversal Zone(PRZ)[7.43%-7.34%] and at least reach the resistance zone(8.00%-7.74%).
Of course, news from the Middle East—such as potential military conflicts between Iran and the U.S.—affects both the crypto market and USDT.D%. However, if tensions ease and an agreement is signed, markets might return to their technical trends. Given that U.S. indices, particularly the S&P 500(
SPX500), have recently hit new all-time highs, a correction in those indices could align with a rise in USDT.D%.
First Target: Resistance zone(8.00%-7.74%)
Second Target: 8.04%
Third Target: 8.88%
Stop Loss(SL): 7.40%
What’s your opinion on USDT.D%? Can it start another bullish run or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Market Cap USDT Dominance% Analyze (USDT.D%), Daily time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
USDT.D) is, as I’ve mentioned in previous ideas, an important index for crypto market analysis. When it rises, it can lead to a drop in crypto prices, especially Bitcoin(BTCUSDT).At present, the USDT.D% appears to have broken the upper line of a falling wedge pattern and has passed the significant 7.4% level, which is a key trading level for USDT.D%.
From Elliott Wave Theory on the daily timeframe, USDT.D% looks like the main wave 4 is complete, and we might be awaiting the wave 5 upward movement. But wave 4 can sometimes become complex.
I expect USDT.D% to begin a volatile rise from the Potential Reversal Zone(PRZ)[7.43%-7.34%] and at least reach the resistance zone(8.00%-7.74%).
Of course, news from the Middle East—such as potential military conflicts between Iran and the U.S.—affects both the crypto market and USDT.D%. However, if tensions ease and an agreement is signed, markets might return to their technical trends. Given that U.S. indices, particularly the S&P 500(
SPX500), have recently hit new all-time highs, a correction in those indices could align with a rise in USDT.D%.First Target: Resistance zone(8.00%-7.74%)
Second Target: 8.04%
Third Target: 8.88%
Stop Loss(SL): 7.40%
What’s your opinion on USDT.D%? Can it start another bullish run or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Market Cap USDT Dominance% Analyze (USDT.D%), Daily time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade ativo
Trade fechado: objetivo atingido
First Target Done=>Resistance zone(8.00%-7.74%)
Nota
As I mentioned in the May 24 analysis, the USDT.D% index began to rise after breaking above the upper line of its falling wedge pattern, and this increase contributed to declining prices in the crypto market, especially Bitcoin.
At present, USDT.D% is attempting to break a heavy resistance zone(9.49%-8.20%). Should it successfully break through this key resistance area, we might expect even bleaker days for the crypto market, with the potential to drag Bitcoin down toward the $55,000–$50,000 range.
From an Elliott Wave perspective, we might be in the midst of a five-wave impulse toward the upper extremes of the heavy resistance zone.
What’s your view on USDT.D%? Could it break that heavy resistance zone or not?
Note: The USDT.D% index is a key metric for analyzing the crypto market, as its rise often signals downward pressure on crypto assets—particularly Bitcoin—so always keep it in mind during your analyses.
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Publicações relacionadas
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.