What is the pulsing orange dot on Apple watch face?

I shut off all timers and stopwatch but it's still there. When I tap on it, it goes to alarms but all alarms are shut off. This just appeared today. I didn't set anything on the watch or phone. It is annoying.

I fixed it. The alarms were still there but shut off. I deleted all of them and orange dot is gone.

It’s a finished timer indicator. Tap it or go to timers and dismiss it.

An orange dot means you have an unread notification. Swipe down on the watch face to read it.

I think you are confusing this with the red dot which is the notification indicator.

I too have this question about the pulsating orange dot.

I’ve tried clearing my notifications and it is gone

Thank you so much! I've been working on this for an hour this morning thinking it was the mic!