I have never missed the market share of USDT. I often mention this data. It has become one of the bases for my decision-making.

Figure 1

The current market share price trend, swinghigh continues to decrease, and swinglow forms horizontal support. Although the horizontal structure has not been broken, the oblique structure has been broken. It can be summarized as: breaking the demand line but rebounding without setting a new high, this is a trend reversal signal.

Figure 2

Detailed signal

A clear engulfing signal with volume appears at the oblique supply line. Generally speaking, the K-line pattern that appears at the key position is extremely valuable for reference and is regarded as an intervention signal. Two buffs are also stacked, RSI overbought divergence + right side MACD dead cross filtering.

In the short term, the USDT market share callback will test the horizontal support again. In the medium term, the horizontal support breakthrough continues to go down, so the corresponding other risk targets are short-term bullish (monthly and weekly level) and medium-term bullish (half-year level). #美SEC加密圆桌会议