The reason I stated that Bitcoin could reach the zone of 59,000 $ before a rebound is primarily based on the analysis of USDT dominance.
USDT Dominance is an extremely powerful indicator, still too underestimated, but essential in any serious technical analysis. It allows for reading liquidity flows and anticipating phases of stress or breathing in the crypto market.
According to what this indicator currently shows me, in the absence of a major macroeconomic or geopolitical event, the next few days could offer a slight respite, with a temporary return of green in the crypto market.
In this scenario, Bitcoin could rise towards the zone of $81,000, before considering a new phase of correction.
This does not mean a market reversal, but rather a technical rebound in a still fragile structure.
Therefore, reading liquidity remains crucial: the market never lies, only the emotions of the participants change.
USDT Dominance is an extremely powerful indicator, still too underestimated, but essential in any serious technical analysis. It allows for reading liquidity flows and anticipating phases of stress or breathing in the crypto market.
According to what this indicator currently shows me, in the absence of a major macroeconomic or geopolitical event, the next few days could offer a slight respite, with a temporary return of green in the crypto market.
In this scenario, Bitcoin could rise towards the zone of $81,000, before considering a new phase of correction.
This does not mean a market reversal, but rather a technical rebound in a still fragile structure.
Therefore, reading liquidity remains crucial: the market never lies, only the emotions of the participants change.