Tether Dominance Update (8H)

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This analysis is an update of the analysis you see in the "Related publications" section

First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .

According to the previous analysis, wave G has formed, and the price is now dropping.

For the next move, there is a possibility of a pullback toward the red box, followed by a deeper correction.

Overall, the price could drop further.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

Penafian

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