$USDT $USDT.D, looking at the macro picture this doesn't look like something that breaks out to the upside in an impulsive manner.
Stablecoin dominance is now nearing the macro range highs. The range lows are clean and respected, so by my basic range trading principles, the highs should also be respected.
The most ideal scenario from here is some consolidation followed by a final three drives push into the highs. That move would align nicely with $BTC sweeping the $58k region for a clean capitulation low.
Either way, this is a premium zone for $USDT.D and a discount zone for $BTC. #USDT
$BTC $BTC , Looking for a scalp long setup at NY open.
• Looking for a sweep below the Monday lows into the local S/R as my entry trigger. That's where the manipulation likely plays out before any meaningful move higher.
Targeting the $65k-$66k zone where the previous breakdown happened.
Clean S/R sitting up there for the obvious take profit.
Potentially establishing a macro trend for the coming months in my view.
Price already broke out aggressively from accumulation in May and is now holding the breakout zone with EMA support and yearly open confluence. The structure is shifting from distribution to expansion.
I can see this trading above $1 in the not too distant future.
Simple MAs offer clean invalidation to play around. Stay above them and the structure stays intact.