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✨ Today we’re diving into the 4-Hour Tether Dominance analysis. Stay tuned and follow along!
💵 On the 4-hour timeframe, USDT dominance has formed a lower high compared to its previous peak, as well as a lower low, confirming a bearish market structure. A new key support has emerged around the 5.33% area, which — from a price action perspective — is weaker compared to the marked resistance zone in the analysis. This further strengthens my bearish bias.
↗️ USDT dominance has had a significant rally recently, but personally, I’m expecting a corrective move soon. It’s also important to pay attention to the confluences forming across multiple zones. The resistance at 5.57% aligns perfectly with the local bottoms of Bitcoin and altcoins — breaking above this level could be tough, as it’s quite a strong resistance.
⚖️ If we analyze the candlestick structure more closely and consider direct supply-demand dynamics, we can see that USDT dominance could drop sharply, with any potential pullbacks likely being bearish corrections (and I have reasons for this!). Why bearish corrections? Because we see strong downward candles on the 4H chart, followed by weak upward retracements. This indicates a clear bearish bias forming on USDT dominance.
🧮 Looking at the RSI oscillator, we can identify two important static zones — 70 and 46 — which currently act as key levels. Once RSI breaks through either of these areas, it could confirm a strong momentum shift, triggering a decisive move for USDT dominance.
💡 From a supply-demand and price action perspective, the coming week may unfold as follows: recent altcoin pumps give the total market cap (TOTAL) a bullish bias, while reinforcing a bearish bias for USDT dominance. If the new support at 5.33% breaks down, it could mark the beginning of another bullish wave across altcoins, potentially stronger than the previous one, and push the crypto market further into the bull cycle.
📊 From an index correlation point of view — if both Bitcoin dominance and USDT dominance decline, the overall market could move upward strongly. However, pay close attention: if Bitcoin dominance drops along with Bitcoin’s price, while USDT dominance fails to break its resistance and moves downward, it could create a perfect setup to open long positions on altcoins ready to pump. These could even be mid- to long-term longs worth holding.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
✨ Today we’re diving into the 4-Hour Tether Dominance analysis. Stay tuned and follow along!
💵 On the 4-hour timeframe, USDT dominance has formed a lower high compared to its previous peak, as well as a lower low, confirming a bearish market structure. A new key support has emerged around the 5.33% area, which — from a price action perspective — is weaker compared to the marked resistance zone in the analysis. This further strengthens my bearish bias.
↗️ USDT dominance has had a significant rally recently, but personally, I’m expecting a corrective move soon. It’s also important to pay attention to the confluences forming across multiple zones. The resistance at 5.57% aligns perfectly with the local bottoms of Bitcoin and altcoins — breaking above this level could be tough, as it’s quite a strong resistance.
⚖️ If we analyze the candlestick structure more closely and consider direct supply-demand dynamics, we can see that USDT dominance could drop sharply, with any potential pullbacks likely being bearish corrections (and I have reasons for this!). Why bearish corrections? Because we see strong downward candles on the 4H chart, followed by weak upward retracements. This indicates a clear bearish bias forming on USDT dominance.
🧮 Looking at the RSI oscillator, we can identify two important static zones — 70 and 46 — which currently act as key levels. Once RSI breaks through either of these areas, it could confirm a strong momentum shift, triggering a decisive move for USDT dominance.
💡 From a supply-demand and price action perspective, the coming week may unfold as follows: recent altcoin pumps give the total market cap (TOTAL) a bullish bias, while reinforcing a bearish bias for USDT dominance. If the new support at 5.33% breaks down, it could mark the beginning of another bullish wave across altcoins, potentially stronger than the previous one, and push the crypto market further into the bull cycle.
📊 From an index correlation point of view — if both Bitcoin dominance and USDT dominance decline, the overall market could move upward strongly. However, pay close attention: if Bitcoin dominance drops along with Bitcoin’s price, while USDT dominance fails to break its resistance and moves downward, it could create a perfect setup to open long positions on altcoins ready to pump. These could even be mid- to long-term longs worth holding.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.