USDT Dominance - Raise-Up or Fall-Down ?

As mentioned in the Bitcoin Dimension Analysis, the trend could be both to benefit the altcoins and to the detriment of the entire digital currency market, accompanied by a massive price drop.

To better understand this issue, it is necessary to examine the status of the tether, whether the money in the market is coming out or is moving between currencies, and identifying the profits of short-term traders.

It is clear from the movement trend of the Tetris Dominance Chart that this index is fluctuating in a short-term descending channel, which has hit the roof of the channel each time until the floor has fallen.

This time, the canal roof overlaps with another static resistor (shown as two yellow ranges) that can boost the percentage of return from the canal roof and fall to the bottom of the descending canal.

Taken together, these two events can be predicted for the coming hours of the market with a negative trend for the entire digital currency market.

Therefore, it is recommended that if you are in futures trading or have open trades in the spot trading space, be sure to observe the loss limits and capital management to step out and identify profits.

Trade closed: target reached