#USDTD
One of the main reasons behind the recent BTC dump is the move in USDT.D.
When USDT dominance goes up, BTC usually goes down, and vice versa.
Over the past few weeks, USDT.D clearly broke out and moved higher, which pressured BTC and led to the drop. When BTC reached around 60k earlier, USDT.D was also hitting a major resistance zone and got strongly rejected. That rejection is what allowed BTC to bounce back toward the 71k area.
Right now, there’s still a chance USDT.D pushes a bit higher into the supply zone and then turns down. If that happens, it would be supportive for BTC and could lead to a move back toward the 80k–83k area.
The negative scenario is if USDT.D continues higher and breaks above resistance. If that plays out, BTC would likely see another strong leg down, with downside risk much lower and USDT.D potentially making new highs above 10%.
For now, everything depends on how USDT.D reacts around this resistance area.
One of the main reasons behind the recent BTC dump is the move in USDT.D.
When USDT dominance goes up, BTC usually goes down, and vice versa.
Over the past few weeks, USDT.D clearly broke out and moved higher, which pressured BTC and led to the drop. When BTC reached around 60k earlier, USDT.D was also hitting a major resistance zone and got strongly rejected. That rejection is what allowed BTC to bounce back toward the 71k area.
Right now, there’s still a chance USDT.D pushes a bit higher into the supply zone and then turns down. If that happens, it would be supportive for BTC and could lead to a move back toward the 80k–83k area.
The negative scenario is if USDT.D continues higher and breaks above resistance. If that plays out, BTC would likely see another strong leg down, with downside risk much lower and USDT.D potentially making new highs above 10%.
For now, everything depends on how USDT.D reacts around this resistance area.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.