#USDT.D and #BTC.D | Local perspective overview
#Write2Earn Well, for now, we are successfully waiting for the most favorable prices where we could enter positions, especially for altcoins that still look overbought, and entering at current prices is too expensive for me.
Earlier, I already spoke about the importance of such tools as totals and dominance, as they allow us to determine almost everything happening in the market 🔎
➡️Right now, we are observing a scenario where Bitcoin Dominance has reached a key support level of 60-61%, where the 365-day moving average (yellow line) is also located, which is an extremely strong level, and breaking it will require quite a bit of effort. Right now, I am set on the idea that in the near future, Bitcoin will show strength in relation to altcoins and Ethereum as well.
#USDT.D meanwhile is also not inclined to quickly give up positions, drawing a bullish divergence, which indicates an upcoming reversal⬆️, and above us, we have enough triggers, for example, the compression of moving averages, the retest of which will give me complete confidence, and I will start greedily buying altcoins 💵
In general, friends, based on what we are seeing now, I can say that many are starting to take profits, especially on #ETH, as holding until the main targets will definitely not be feasible for everyone (you should know this from yourself) ❌ And considering that Bitcoin Dominance has started to show strength, people will prefer to now move profits into Bitcoin or stablecoins, which is actually causing the growth of tool dominance 🎙
I hope you caught the logic. It’s simple here — but only for those who can see beyond the chart. Most will continue to act out of inertia: taking profits where they should hold, and entering where it’s already too late. But if you are here, you have already pulled at least one leg out of the Matrix. This means you have a chance to act consciously — at the moment when others are just starting to panic.
