Bitcoin is now tapping into a confluent supply zone visible on both the daily and weekly timeframes, around the $109K–$116K area.
🔴 Red Flag:
As highlighted in the USDT.D dominance chart, the stablecoin ratio is nearing a strong support level (4.32%), which historically aligns with market tops or corrections.
🧠 What This Means:
This is a confluence signal: BTC reaching supply + USDT.D hitting support
A correction or consolidation is likely from this zone unless bulls show significant momentum
📌 Strategy Tip:
Wait for clear reaction to this red zone before chasing further upside.
If you're already long, this is a smart zone to lock in partial profits and reduce exposure.
🔴 Red Flag:
As highlighted in the USDT.D dominance chart, the stablecoin ratio is nearing a strong support level (4.32%), which historically aligns with market tops or corrections.
🧠 What This Means:
This is a confluence signal: BTC reaching supply + USDT.D hitting support
A correction or consolidation is likely from this zone unless bulls show significant momentum
📌 Strategy Tip:
Wait for clear reaction to this red zone before chasing further upside.
If you're already long, this is a smart zone to lock in partial profits and reduce exposure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.