$USDT Dominance — worth paying attention to this weekly candle.
One of the strongest momentum moves on USDT Dominance since the 2022 bear market highs.
Two levels left to take:
1) February high at 8.87%
2) 2022 bear market highs at ~9.4%.
If those get taken, that aligns structurally with BTC reaching lower lows.
Specifically tagging the Long-Term Holder Realized Price at ~$48K and below.
Every prior bear market went there. We haven't yet this cycle.
Bounces along the way are expected but keeping in mind we are still in a bear market.
$BTC #crypto #BTC #USDT #TechnicalAnalysis
One of the strongest momentum moves on USDT Dominance since the 2022 bear market highs.
Two levels left to take:
1) February high at 8.87%
2) 2022 bear market highs at ~9.4%.
If those get taken, that aligns structurally with BTC reaching lower lows.
Specifically tagging the Long-Term Holder Realized Price at ~$48K and below.
Every prior bear market went there. We haven't yet this cycle.
Bounces along the way are expected but keeping in mind we are still in a bear market.
$BTC #crypto #BTC #USDT #TechnicalAnalysis