Updated

USDT Dominance - Short-Term Analysis (1H)

The correction appears to be a symmetrical pattern. This formation is suspicious, and we should expect the possibility of this index reaching the upper red box.

Once wave i is completed, a major stop hunt on altcoins will occur, allowing the market maker to accumulate more liquidity.

Let’s see what happens.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

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It missed our supply zone by a small margin, but the view was correct. This index could still drop until the TP levels are reached.

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