$USDT The USDT dominance reacts strongly at the lower end of the range, causing a market pullback. As explained yesterday, this index is actually fluctuating within a small range and should be treated as such until it is validated or broken out of. It’s important not to get overly excited about long positions at the lower end of the range or short positions at the upper end. That said, if a divergence forms on the MH, I will look for potential short-term long opportunities. Currently, the MH is at 8.224%, which is also the range high. Without divergence, I usually do not enter trades. This is important because reaching the MH means the index is in a short-term breakout phase of the trend depicted in the chart below, which makes taking new long positions riskier without the necessary local trigger conditions.