Yesterday, we discussed the closing of BTC's high timeframe candles over the weekend. Another significant development is the dominance of USDT and the USDT.D/USDC.D pair not only breaking out of their bull flags, leading to this sharp decline, but also reclaiming an important macro resistance zone. We've been saying for weeks that these two indices look extremely bullish, so the recent market movement should not come as a surprise. Regarding USDT dominance, it is now gradually approaching our first macro target of 8.20% that has been set for several weeks.

From a broader perspective, navigating this index's macro trend over the weekend has become straightforward because it is now trading within a large macro range. The lower boundary of this range is at 6.70%, a multi-year resistance level that has been reclaimed, while the upper boundary is near the index's all-time high of 8.20%. Ultimately, I believe both zones could be tested. The 6.70% level will serve as a strong macro support zone for this index, making it suitable for short-term swing positions. Conversely, the 8.20% zone will act as a temporary macro resistance, making it appropriate for long-term swing positions.