$USDT.D is now at its weekly support zone.
It could go a bit lower, which will push the markets higher.
But after that, I'm expecting a reversal in USDT dominance just like Q1 2023, which will lead to a correction in $BTC and alts.
Remember, it'll be a bull market correction and not a new cycle low.
We are in the rally now after the golden cross dump.
A rally to a higher high and weekly closes above the 50W SMA would materially weaken the bear case.
A rejection at these levels would still be in line with a bear market continuation
I think we we get any meaningful recovery bounce on $BTC here, alts are gonna giga send 🚀
$BTC.D looks bad here
$USDT.D pump is almost done
Patience is the key.
AI will make you jobless.
Crypto will make you not need a job.
Buy and hold now, retire in a few years. 🙋♂️if crypto allowed you to retire already.
(Not financial advice)
#Bitcoin New ATH is still possible?🚨
After the recent dump, BTC has been ranging around $85k for the past few weeks.
At the same time, USDT Dominance has broken out of its range.
So far, dominance is holding above the breakout zone, and BTC is also holding around 85k lows well.
Since BTC and USDT.D are inversely correlated, two main scenarios stand out:
Scenario 1 (Bullish Move) - Green
If USDT.D starts dumping from here, this breakout will turn into a fakeout.
That would likely fuel another BTC expansion, possibly even a new ATH before any distribution.
Scenario 2 (Early bear structure) - Red
If the broader trend weakens, we could still see a temporary BTC bounce, while USDT.D forms a higher low near the mid-range before continuing higher.
For Bitcoin, this would look like a higher timeframe slow distribution, not a crash but slow & choppy downtrend, early bear market behavior.
For now - BTC is holding structure & USDT.D is at a critical decision zone
Next move in dominance will likely decide whether this is just a pause before continuation or the start of a longer distribution phase followed by a New ATH.