Significant rejection from stablecoin dominance resistance

As exemplified in my previous post we have interacted with and rejected down from the stablecoin dominance resistance after the big bullish impulse.

Stablecoin Dom. Daily; from previous post

Stablecoin Dom. 1h; As of this post

How bitcoin interacts with the green trend support zone and red resistance zone generally marked on this chart should will us prepare for a retest of bitcoin's ~28k local resistance or continue retracing further down.

Kommentar:

New local trend resistance