I don't know if it's just me who feels this way..... but this zone is appearing on the chart again and again.
There was a bounce..... then came a reaction right around that important fib level. Nothing very clean. Rather a bit uncomfortable type movement. Usually the market makes such a move only when everyone already asumes the direction😅 $USDT Dominance is still technically strong looking..... at least not a complete breakdown. And this place itself looks weird. Because when you open the timeline, everyone is almost ready to say BTC moon. But USDT.D is not giving up completely yet.
I mean..... if it bounces again from here?
Then the whole sentiment can reverse again very quickly. I was watching the chart for a few hours. At first it seemed like a simple retrace..... then I didn't think so again, there could be a liquidity hunt here. Sometimes the market behaves as if it is deliberately trapping late longs. It builds fake confidence... then suddenly changes direction. And honestly..... this structure gives a little déjà vu feel.
I've seen this before...🤔
Everyone becomes bearish on USDT.D... crypto Twitter full bullish... then dominance suddenly reverses and cools the mood of the market completely. But again this is also true - if this fib zone breaks cleanly... and the price accepts below... then the bearish case for USDT.D will become much strongr. Then it might be said that risk assets are finally breathing. Still, I can't be fully convinced right now. Because the candles are not very confident either. A wick goes down... then immediately reclaims. As if the market itself is not sure which way to go. Impatience is usually dangerous in such places. Because the market looks the most confusing before the move starts. Noise increases. Each timeframe tells a different story.
Some will say breakout loading.
Some will say distribution.
And the market may be quietly preparing to punish both sides.
Funny thing is..... The more people find certainty, the messier the chart becomes. Now I'm just looking at this zone. Because sometimes the entire market direction changes from a small rection…..and then everything seems obvious when you look back. It never seems obvious from the front🚀
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