$USDT.D, This chart makes the BTC read much easier to understand.
USDT.D is breaking out from a rising wedge consolidation. From here, the most obvious move is a retest of the breakout zone (red box), followed by continuation to the upside — which would push BTC further down.
On the contrary, if this breakout turns into a fakeout, and USDT.D falls back inside the wedge and then breaks below the red box, it would be very bullish for $BTC.
For now, the structure remains bearish for Bitcoin, and the first bullish confirmation for BTC will come only when USDT.D breaks below 5.7%.
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