HIVEUSDT is a potential BTC setup that shows its relevance when BTC is in a consolidation phase or a downtrend. Hive is currently gearing up at support levels.
Current market scenario:
BTC is almost at its resistance level, and it will remain in a consolidation phase until Donald Trump becomes president.
USDT dominance:
USDT dominance is at its support level, which indicates that money could flow from BTC to USDT at this point.
BTC dominance:
BTC dominance is also at its resistance level, and it has formed a local support level, moving within this range.
The BTC Heat Map is also indicating a consolidation phase.
