The current level of USDT dominance stands at the support level of 7.2%. This suggests that there is potential for a rebound in dominance. Upon comparing the charts of BTC and USDT.D, we observe that BTC is currently facing the
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resistance in the daily timeframe, while USDT.D finds support at 7.2%. This suggests a higher likelihood of BTC experiencing a decline and USDT.D witnessing a bounce back. However, it is important to note that no outcome can be guaranteed with 100% certainty, and it is prudent to await the closure of the candle for confirmation. Key points to consider are as follows:
Support: USDT dominance at 7.2%.
Invalidation: USDT.D would invalidate the bounce back scenario if it breaks down below the 7.2% support level.
I trust this update has been informative. Wishing you safe and successful trading endeavors.
Best regards.
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