Hello friends,

I'm sharing some thoughts on the short term Bitcoin price action using the USDT Dominance as a main point:

➢ If we have another 20% spike in the USDT Dominance, that will lead to drop for the BTC price - very likely around the 55K area, as I've mentioned many times in my posts.

➢ The daily structure of the USD D. is very bullish - breaking above the consolidation and having a retest. This is indicating that there is a high chance for another spike, at least in the short term.