$USDT.D Update 🚨: A Crucial Indicator for Bitcoin’s Next Move
Bitcoin ($BTC) could bounce here, and here’s why: First, there’s strong support around $93K. Second, $USDT.D is retesting the 65% Fib retracement level from the bearish move that started January 1. Add to that the possibility of a deviation above the red box resistance zone that $USDT.D is attempting to reclaim, and the setup becomes intriguing.
Still, caution is warranted. $USDT.D recently closed a 4H candle above both the Quarterly and Yearly VWAP, which strengthens its bullish momentum. However, the 1D Quarterly VWAP overhead could act as a significant resistance. This level has my attention because, in Bitcoin’s $108K–$92K leg, the 65% Fib level triggered a clean rejection near $102,600 just 48 hours ago. A similar scenario could play out here.
If $USDT.D consolidates above the red box and dynamic levels like VWAP, it might spell trouble for $BTC, as it could indicate a stronger shift toward stablecoins.
For now, I see a 65-35 chance of Bitcoin holding the $93K–$94K support zone. This is a key moment to stay agile and ready for either outcome.
If this update helped you, tips are always appreciated. 😉
