The Dominance of #USDT
It is evident that almost everyone is just watching the price of Bitcoin, but they forget that the dominance of USDT is crucial for a good rise in #BTC and altcoins.
Notice that we are once again being rejected in this red zone, around 6.27% / 6.70% and it is no coincidence that we will be trying to break the green line on the chart towards EMA 50 (4h) precisely on the day that the interest rates will be decided.
The weekly chart of USDT does not look good, we are ready for a drop here, and obviously, the money should leave here for altcoins very quickly. If Powell does not delay us once again here, then we should drop faster to 4.70% in the next 2 weeks.
I know that naturally people emphasize the issue of interest rate cuts, but we have seen thousands of times that Powell's speech is much more important than the cut, so pay attention to his statements.
In any case, I think the top of this was the red zone!
A drop towards 4.70% will relieve the entire market, Bitcoin will go above $100K and the Altcoins will make a good round of rise (with superior performance).
WE ARE READY! 🚀
