The market looks stable . BTC sideway $59,000-$60,000 ..... if it moved in this area, today Alts will be green
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Bitcoin recently broke down from its ascending triangle pattern. Currently, it is trading just above the 100-day moving average, which is providing support below the current price action.
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#USDT DOMINANCE ANALYSIS
USDT.D is trading within a symmetrical triangle. Currently, the price is being rejected from the Ichimoku Cloud resistance barrier.
Meanwhile, 200MA is providing support beneath the current price action, indicating a potential bounce if the price reaches this level.
However, if USDT.D breaks below the 200MA, it could signal a decline in dominance, potentially leading to an upward movement in the broader crypto market, as USDT.D typically moves inversely to overall market trends.
Traders should closely monitor these technical levels for signs of a breakout or breakdown to inform their trading strategies.
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