USDT DOMININCE 4HOUR UPDATE

Welcome to this quick update, everyone.
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I have tried my best to bring the best possible outcome in this chart.

My previous USDT dominance chart has been invalidated. now USDT dominance got rejected from this 4.71% resistance level but we have 50 ma as local support let's surprise can break the ma or not.

First scenario: If USDT DOMINANCE breaks this local support with confirmation then we can expect a drop up to a 4.50% level.

Second scenario: If USDT dominance got bounced from the local support then we expect a high up to the upper resistance of this big triangle pattern.


What's your thought on this?
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Comment:

It is going as my second scenario it has closed the 4 hours candle downside the 50 ma.

Comment:

BTC/USDT UPDATE

Comment:

BTC has bounced as expected. but it still does not break the $39.5 - $40.5k level.
It needs to break the level to remain bullish.
Let's wait and see how the 4-hour candle closes.