This might get a little tricky, guys!
On the weekly timeframe, USDT.D has broken below the 100 MA. The last time this happened, it dropped by 33%, which was enough to trigger a solid rally in BTC and the broader market.
Currently, we may see dominance attempt to retest the 100 MA, which is now acting as resistance after the breakdown. This slight rebound could bring some correction to the market โ so brace yourselves and stay cautious. โ ๏ธ
In the long run, BTC still looks strong and is likely to go parabolic. Remember, consolidation is a natural part of the market cycle โ and if you know how to navigate it, youโll be just fine. ๐ช
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