Usdt dominance update ✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Bitcoin took small correction and now trading above 96k. Crucial stats showing a unique situation that hasn’t occurred in the last seven years. Currently, USD dominance is trading at 4.01%. In simple terms, this shows how much money is in stablecoins versus other crypto assets. When USD dominance declines, it indicates funds are moving into crypto, which is bullish for the market. Conversely, an increase in dominance signals funds are being converted back to stablecoins, creating bearish momentum. Over the past two years, USD dominance has been in a steady downtrend. For instance, when dominance broke down in 2024, Bitcoin surged from $60,000 to $99,000.

Over the last seven years, USD dominance has consistently bounced off a key support trendline, leading to Bitcoin corrections. In 2017 Dominance bounced as Bitcoin peaked at $20,000. COVID, A bounce dropped Bitcoin from $10,000 to $4,000. In 2021 Dominance rose after Bitcoin hit $69,000, triggering a bear market. For the first time, USD dominance has broken below this support. If it stays below 4.16% on the weekly close, Bitcoin could break its long-standing resistance and move toward new highs. However, past dips below support have seen quick recoveries. If dominance reclaims support, Bitcoin may face resistance again. So now Wait for confirmation before taking leveraged positions. A confirmed breakdown could signal the start of a bullish phase for Bitcoin. Hold onto your coins. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!

@abfarhan