USDT.D in Strong Uptrend - Bitcoin Recovery at Risk?
Today, USDT.D (Tether Dominance) is exhibiting a clear continuation of its upward trend, characterized by a series of higher highs and higher lows. Currently, USDT.D is approaching the upper boundary of a key resistance channel. As long as this resistance is not tested or breached, there remains a potential for continued downward pressure on Bitcoin and altcoin prices.
Should USDT.D manage to break through or "sweep" this upper channel level, we could see further weakness in the cryptocurrency market, with the possibility of an extended decline in Bitcoin’s price. However, if USDT.D fails to break this level and instead retraces, this could signal a temporary trend reversal, providing room for a rebound in crypto prices.
In summary, the current momentum in USDT.D suggests caution. Market participants should closely monitor these critical levels to respond promptly to any potential trend shifts.
Should USDT.D manage to break through or "sweep" this upper channel level, we could see further weakness in the cryptocurrency market, with the possibility of an extended decline in Bitcoin’s price. However, if USDT.D fails to break this level and instead retraces, this could signal a temporary trend reversal, providing room for a rebound in crypto prices.
In summary, the current momentum in USDT.D suggests caution. Market participants should closely monitor these critical levels to respond promptly to any potential trend shifts.
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