Hey fam, I’m spotting a very bearish pattern in $USDT dominance, and historically that’s been extremely bullish for Bitcoin.
The pattern I’m referring to is a rising wedge, which typically breaks down. If that happens, we could see a drop in $USDT dominance—which means money flowing into crypto, especially $BTC and altcoins. That’s exactly why we’ve placed some longs around these levels.
Right now, the market looks oversold. Everyone’s turned ultra bearish on alts, and that’s usually when the biggest upside explosions happen. So, yeah—I’m expecting Bitcoin to bounce from these levels, and it might catch most retail traders off guard.
Quick notes: • I haven’t longed Bitcoin in over a month—not because I’m bearish, but because I already traded it before.
• I’m not shorting $BTC or $ETH either—nothing looks bearish to me here.
• I’m watching a falling wedge forming on $ETH —again, historically bullish.
• BTC dominance is also testing previous pump zones—if it rejects again, we could see another strong move on alts.
Also, should I drop a video explaining all these patterns? Let me know in the comments. Would help you all see it clearly.
That’s it from me
Not Seeing anything bearish in Bitcoin right now. Let’s see how this week plays out. Peace out 👊