Bitcoin is now tapping into a confluent supply zone visible on both the daily and weekly timeframes, around the $109Kโ$116K area.
๐ด 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.
๐ง 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
๐ 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.