USDT on the crypto market: a look at dominance

USDT.D on the daily chart now seems like a litmus test for market sentiment. When this indicator rises, capital flows into stablecoins. Investors seem to be hiding from volatility. It's interesting to observe this dance of numbers 🔍

What is happening now 📊

• 4.77% on the counter
• RSI around 52.65. Not cold, not hot, but raises concerns.
• The volumes are calm. Silence before the storm?
• The price is creeping up the channel
• Parabolic SAR below the candles. Bulls are still at the helm.

Fibonacci says 📏

The price is stuck at a zero level (4.79%). Stubborn resistance looms at 5.06% — history remembers reversals there. Below, we are backed up by 4.61%, 4.57%, and 4.54%. Strong guys.

What does this mean for the market 🌐

Dominance is growing — traders are fleeing into the dollar. Not a very good sign. If we break 5.01-5.06% — expect a correction in Bitcoin. However, a bounce down from current values could ignite green candles everywhere 🚀

If playing for a decrease 📉

Risk is medium. We are waiting for a bounce from resistance. Sell at 5.00-5.06%. Targets: first 4.79%, then 4.61%, and finally 4.57%. Stop at 5.15%, we won't let it go higher.

Altcoins will soar if 🌕

Dominance will stumble at 5.06% and pull back below 4.79%. RSI will decide to reverse. Bitcoin will break through $105,800 with good volumes.

Keep a close eye on these levels. They now determine where the entire market will go. It seems we are on the brink of important events 🔥