On 1D TF, USDT dominance is moving in a symmetrical triangle. It is trading below the point of control level. Its bearish trend would be confirmed by a rejection from here and a breakdown of the symmetrical triangle. As it operates in the other direction, that would be a very bullish indication for the cryptocurrency market.
A breakout of the point of control level would be a bullish sign for the USDT dominance and a bearish sign for the crypto market.
