We are back at a long term holding trend line on USDT dominance, if bouncing back up it will mean this crypto rally was short lived and we're returning to downtrend. Breaking below and staying would be a bullish sign and likely BTC completing the earlier death cross trade (see linked)
Comment:
We are back at the trend line. It has been defended many times before, so the expectation would be a repeat of a bounce from 1-2 of March. If you check your BTC charts it corresponds with same setup on 4h timeframe. The only difference we are likely to start the move down from 41-42k level not 45k.
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