Cryptocurrency Market Analysis - USDT.D

Hello dear traders!

I am Fereydoon Bahrami, and today I am here with a deep technical analysis of USDT.D. This analysis is designed for professional traders who seek precise and practical information in the cryptocurrency market. Please refrain from any emotional or non-technical comments.

Current Market Trend
Currently, the USDT dominance indicates that Tether has reached a low point and touched its Weekly IDM (Initial Demand Model). Therefore, a new high for Tether has been identified. In the chart, I have marked the minor short-term high with the label CHoCH (Change of Character). If this high is broken, we expect Bitcoin’s price to reach the $49,000 range, which might lead to a price correction in the market.

Technical Analysis
In the USDT dominance chart, the initial signs of touching the Weekly IDM and the potential breaking of minor highs signify entry into a new phase. If the minor high is broken, we can more confidently assert that the cryptocurrency market is moving towards a bearish trend.

If the CHoCH is not touched and a pullback occurs, there is a possibility of another upward move in the crypto market until it reaches the Weekly Order Block. Overall, the technical condition of the cryptocurrency market is still considered bullish until the highs are unbroken.

Scenarios:
If the short-term high (CHoCH) is broken: This could indicate the end of the bullish market phase for cryptocurrencies and a suitable time to exit trading positions.

If the high is not touched: In this case, we expect the price to come back to the Bottom of Structure (BOS). This trend indicates that the cryptocurrency market remains bullish and that Tether will move toward the Weekly Order Block.

Keep in mind that my job is to analyze and clarify the charts for you so you can make informed and rational decisions. In this challenging market, avoid acting emotionally and stay committed to your sustainability, as the future of cryptocurrencies is stable, and unique opportunities continually arise.

Daily News and Analyses
According to recent news, analysts and some reputable figures in the industry are discussing the possibility of the end of the bullish market phase. For instance, Paul Tudor Jones, the famous investor, recently stated that there is a chance of a significant market correction. Additionally, some analysts believe that the resurgence of the market depends on an increase in demand and investor activity.

Thank you for your companionship, and I hope my analyses prove beneficial to you. If you have any questions or points in mind, I would be delighted to discuss further.
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."