USDT.D chart with recent BTC price action overlay suggests that bears have taken control. Prior to Yesterday's bybit hack we seemed to have been on track for a bullish recovery from 94k to 102-108k. However, the hack seems to have given the bears the push they needed to tip the scale.
Usdt dominance appeared to be showing a bearish break out (good for bulls) until the bybit hack. As shown in the chart, crypto "should" maintain today's low if this are to remain bullish.
Not financial advice, simply my findings after years of losing, learning, making some of the biggest price predictions on TG (50k to 38k/ 73k to 60k/ 56k to 70k and 70k to 56.5k) and trading.
Bitcoin has broken structure (loss of yellow uptrend from October of 2023) while maintaining a bullish structure (lower green trend). If yellow rejects and we lose green...
