USDT Dominance on the Risein shorter TF: Potential Impact on BTC

USDT dominance is currently trading around 4.80%, closing above the 50-day Moving Average (MA). A clear break and hold above the 50 MA could indicate a trend reversal towards increasing USDT dominance.
The next resistance level lies at 4.81%. A decisive break above this level could further strengthen the uptrend for USDT dominance.

Next Resistance level- 4.92%

BTCUSDT can show some correction to 60k-62k support level. BTCUSDT is also forming a Bearish divergence.

If USDT dominance gets rejected from this level, then we will still be in the rally to our BTC 70k rally.

This potential trend reversal could impact your open positions. Consider placing or adjusting stop-loss orders to manage risk in case of a price drop.
If you're in profitable positions, you might consider taking some profits to secure gains.