This is one of those old and good charts that the new generation of Traders and Crypto Analysts continues to ignore, either due to lack of knowledge or sheer foolishness.
The dominance of USDT was rejected in the region of 8.20%, a level of extreme importance for us to have a good recovery, both in #BTC and in altcoins.
We need money to return to the market, and even with the uncertainty and fear of retail around the Iran issue, we still made a good downward movement in these last 2 days. In fact, we are now approaching this green area of the chart, around 7.72%. This is where we need to start working below this level.
We are below the 200 EMA on the 4-hour chart, and the LTDA that we have been following since the beginning of March has already been broken, which looks very good at this moment. The longer we stay below the 200 EMA, the greater the probability of a drop towards 6.79% in the next two or three weeks.
(Not that I care about the time here.)
As soon as we reach 6.79%, we should see BTC rise quickly and altcoins outperforming.
Of course, the movement of USDT in the short term can still be influenced by Trump's actions, but this factor should lose strength soon, which will bring more normality to the charts, especially this one.
Let's see how it goes!