$BTC Another danger signal is approaching!
USDT market cap dominance is surging toward 6.9% again!
This level has repeatedly capped upward moves.
If it breaks through, 7.2% could be the next stop!
The next wave of selling pressure in the crypto market may be brewing!
The latest four-hour chart of USDT market cap dominance shows the indicator currently hovering around 6.83%, very close to the key resistance level at 6.9%. Over the past few weeks, USDT market cap dominance has made several attempts to break through this level, but has yet to hold above it decisively. Meanwhile, clear support has formed around 6.5%, and the overall structure is gradually showing higher lows. For BTC and altcoins, this is not a signal to ignore, because a sustained rise in stablecoin market cap dominance is often accompanied by pressure on crypto asset prices and declining risk appetite in the market.
What I'm watching most closely right now is whether 6.9% can be decisively breached. If USDT market cap dominance holds above this level, it could move toward 7.0% or even 7.2% in the next phase, and BTC and altcoins could face greater downward pressure. But if it fails to break through once again and then falls back below 6.7%, the market may have a chance to see risk appetite recover. Keep in mind that rising dominance could also be due to a decline in the market cap of other crypto assets, and doesn't necessarily mean that funds are actively flowing into USDT. So we also need to consider BTC's price and spot fund flows.
6.9% is the most important dividing line right now. The bulls had better not let it break through easily.
If it fails to break higher here again, BTC could actually see a rally; but if it decisively moves above this level, we need to be on guard for the next downturn!⚡️
Tap the card below and let's get to it!👇
$ETH $ZEC
USDT market cap dominance is surging toward 6.9% again!
This level has repeatedly capped upward moves.
If it breaks through, 7.2% could be the next stop!
The next wave of selling pressure in the crypto market may be brewing!
The latest four-hour chart of USDT market cap dominance shows the indicator currently hovering around 6.83%, very close to the key resistance level at 6.9%. Over the past few weeks, USDT market cap dominance has made several attempts to break through this level, but has yet to hold above it decisively. Meanwhile, clear support has formed around 6.5%, and the overall structure is gradually showing higher lows. For BTC and altcoins, this is not a signal to ignore, because a sustained rise in stablecoin market cap dominance is often accompanied by pressure on crypto asset prices and declining risk appetite in the market.
What I'm watching most closely right now is whether 6.9% can be decisively breached. If USDT market cap dominance holds above this level, it could move toward 7.0% or even 7.2% in the next phase, and BTC and altcoins could face greater downward pressure. But if it fails to break through once again and then falls back below 6.7%, the market may have a chance to see risk appetite recover. Keep in mind that rising dominance could also be due to a decline in the market cap of other crypto assets, and doesn't necessarily mean that funds are actively flowing into USDT. So we also need to consider BTC's price and spot fund flows.
6.9% is the most important dividing line right now. The bulls had better not let it break through easily.
If it fails to break higher here again, BTC could actually see a rally; but if it decisively moves above this level, we need to be on guard for the next downturn!⚡️
Tap the card below and let's get to it!👇
$ETH $ZEC
