Hello traders, welcome to this USDT dominance update in a daily timeframe.
If you have followed my previous update then you will know what I was trying to indicate. The USDT.D has reached the resistance level and currently, we can see some signs of rejection. This could end up good for BTC and other altcoins but only if we see a rejection and close below 7.25%.
Key points: 1. Rejection from 7.7% resistance. 2. 21 MA & 7.25% support level. 3. Mid-term rejection up to 6%.
I am expecting rejection in USDT dominance in the upcoming days. Do share your thoughts and ideas in the comment section.