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$USDT.D – I like the market structure here, as the price has rejected right at the high-timeframe resistance range, marked in red, where every major top of the $USDT.D has aligned with macro bottoms in this entire bull market.
If we look at prior instances, January, August, September of 2024, and early-April this year, every single time $USDT.D topped in this exact range, it marked a great buying opportunity for the broader crypto market.
Right now, it looks like we’re seeing the same rejection again, which is exactly what we want to see.
If $USDT.D can fall below the 2D Bull Market Support Band, which has been a strong reversal spot for years, that would be the final confirmation that the bottom across the crypto market is in, and that the most likely outcome is further upside.
For now, I think that as long as $USDT.D stays below 6.1%, we’re still in safe territory.