$BTC BTC has rejected from the bear flag range high and has declined 8.5% since this bearish retest. We have several confluences suggesting rejection is likely in this area, aside from it being the bear flag range high, these highs are the April 25th low and the 3D 21EMA. Remember, this bearish retest is the scenario we plotted at the beginning of this month, where we expected a lower high to form as we advance toward our macro resistance zone ( 72K to 80K ). That said, we must assume at least the bear flag range low will be broken in the short term, around 65K, but since BTC is trading in a bear flag as it did in January, a reasonable assumption is the bear flag could also break, potentially leading to new lows and continuing the macro downtrend. If so, I believe BTC could move closer to our long-term accumulation zone ( 45K-28K )

For USDT dominance, the same logic applies in the reverse scenario. It is also gradually forming a bullish flag, with the range low around 7.30%. The 7.70% zone is critical because acceptance above it will open the path for a move toward the range high ( approximately 8.20% ), where we will face a similar situation as with BTC. Breaking through this bullish flag would result in new all-time highs for this index, which is what we have been anticipating all year.