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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 .
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。