Located in an important trend reversal zoneHello, traders.
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(1D chart)
USDT dominance is located in an important reversal zone.
It is an important point to watch whether it can meet resistance near the M-Signal indicator of the 1M chart and fall below the M-Signal indicator of the 1W chart, creating a state where the M-Signal of the 1D chart < M-Signal of the 1W chart < M-Signal of the 1M chart.
Since the decline in USDT dominance is likely to show an upward trend in the overall coin market, if the M-Signal indicator reverses this time, a trend reversal is expected.
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(BTCUSDT 1D chart)
Accordingly, the 61099.25 point is an important support and resistance zone.
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Have a good time.
Thank you.
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