Will a Drop Below 4.12 Push BTC to New Highs ?👋 Hello, and welcome to Satoshi Frame .
📊 USDT Dominance , after a sharp move toward 6% , got rejected strongly from that level with a powerful candle .
🔻 Following that , it lost its key support and entered a deep corrective phase .
🚀 During this period, Bitcoin and altcoins experienced a strong upward trend , and 🟠 Bitcoin even recorded a new all-time high .
📉 The key support level for USDT Dominance is at 4.12% .
⚠️ If this level is broken, Bitcoin could potentially reach a new all-time high again .
📐 I’ve drawn my Fibonacci from the point where the support was lost , the structure broke , and the previous uptrend turned into a corrective or bearish trend .
🔽 The breakdown of that key support pushed USDT Dominance down to 4.12% , where we saw strong buying pressure in Bitcoin and altcoins, leading to a sharp upward movement.
🔄 Price then retraced to the 0.382 Fibonacci level (4.61%) , acting as a corrective pullback within the ongoing downtrend.
❌ However , this area triggered a rejection , and now we are witnessing another decline in USDT Dominance.
💡 Disclaimer : This analysis is for educational purposes only and should not be considered financial advice . Always do your own research and manage your risk before making any trading decisions .
