USDT Dominance – Updated Elliott Wave & ICT Analysis

Yesterday, we anticipated a bullish reaction from the 4.20%–4.22% support zone, and the market followed through perfectly. The current structure is forming a contracting triangle (ABCDE), and we are now likely heading into wave E.

🔹 Wave Structure (NeoWave View):
Wave D has reacted sharply from the expected support.

Wave E is now in progress, targeting the 4.42%–4.44% resistance zone.

This could complete the triangle structure and signal a potential trend reversal.

🔸 From ICT/Smart Money Perspective:
The market tapped into a clean bullish Order Block.

Below the support zone, there was clear liquidity sweep followed by a strong BOS (Break of Structure) upward.

All signs point to short-term strength in USDT.D.

📌 Scenarios:
Bullish case (primary): Wave E completes around 4.43%–4.44%, followed by possible reversal.

Invalidation: A break below 4.20% with no bullish defense would invalidate this triangle and require reassessment.

🧠 Takeaway:
This structure could mark a temporary market top for altcoins as USDT.D pushes higher. Keep an eye on the 4.43% level.

📡 Analysis by CryptoPilot – navigating the market with precision.

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