Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$BTC BTC, USDT dominance and other indicators' 3D divergence are gradually taking effect and leading to a market rebound. Since the divergence was confirmed, BTC has risen by 8%, while USDT dominance has decreased by over 10% from the macro resistance zone of 6.5% to 6.7% that we discussed for several weeks, which was confirmed through 3D bearish divergence. In other words, this rebound is part of the broader macro plan we formulated over the past few weeks, which also includes a potential bearish retest around the 102,000 region.
To achieve this, BTC needs to retake the 94K zone, while USDT dominance needs to drop below 5.85%. As we approach these levels, new long positions are no longer appropriate. BTC's ultimate target remains around 102,000, while USDT dominance is between 5.50% and 5.30%. After that, we will reassess our macro thesis to determine whether this retest could be a lower high for BTC or if we continue to grow. My plan is to sell 70% of the spot at 102,000 and hold 30% as a hedge against a potential macro structure recovery, but at the moment, this possibility seems quite small.