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(USDT chart) The gap continues to rise, showing that new funds are flowing into the coin market.
(USDC chart) There is a higher possibility that USDC's upward trend will be coupled with the movement of investment products in the stock market made with coins.
Therefore, we believe that the likelihood that the coin market will be affected by the movements of the stock market index increases.
However, since the USDC market is not active, its impact is expected to be minimal.
In any case, since the stock market is on the edge of a recession, a downtrend in the stock market is likely to have a temporary impact on the coin market.
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(BTC.D chart) A rise in BTC dominance means that funds in the coin market are being concentrated towards BTC.
Therefore, there is a possibility that altcoins will gradually sideways or show a downward trend.
There seems to be talk that the altcoin bull market has begun due to the current altcoin rise.
However, BTC dominance is expected to continue its upward trend and rise above 61.
Therefore, caution is required as the rising trend of altcoins is expected to gradually decrease or the rising period will become shorter.
(USDT.D chart) The USDT market is a market that is active on all coin exchanges.
Therefore, USDT's volatility can be seen to have a direct influence on the coin market.
Accordingly, the decline in USDT dominance is more likely to lead to an upward trend in the coin market.
However, since USDT dominance can tell the flow of the entire coin market, it is recommended to look at the movement of BTC dominance as well.
Since funds are moved through USDT, if new funds flow through USDT, USDT dominance will naturally maintain an upward trend.
Therefore, it is better to analyze the movement of candles rather than analyze the trend of the USDT dominance chart.
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Not
(USDT chart) Despite the large decline, the coin market continues its upward trend.
A large USDT candle means that a lot of transactions are taking place in the USDT market.
Accordingly, caution is required as volatility is likely to occur.
(USDC chart) USDC is showing a decline of about 55%.
This means that its influence on the coin market has decreased significantly.
However, if the gap continues to rise, I think the impact on the coin market will be coupled with stock market movements.
(BTC.D chart) In order for the coin market bull market to begin, I believe that BTC dominance must rise above 61 and then begin to decline.
Accordingly, it can be said that it is still uncertain to say that it is a bull market.
Since the rise in BTC dominance means that funds in the coin market are concentrated towards BTC, it is expected that altcoins will not be able to keep up with the rise of BTC and will gradually sideways or decline.
Accordingly, I believe that the time for secondary purchases of altcoins is approaching from a mid- to long-term perspective.
(USDT.D chart) It is necessary to confirm whether it can be maintained by falling below the HA-High indicator on the 1M chart.
If not, caution is needed as there is a possibility of an upward trend as the upward trend is maintained.
However, USDT dominance is bound to maintain an upward trend if funds continue to flow into the coin market.
Therefore, rather than looking at the trend, it is better to check whether the candle is a downward or upward candle.
Not
(USDC 1D chart) As the gap falls, it appears that all the recently inflowed funds have flowed out.
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