MARKET ANALYSIS BTC/BTC.D/USD.d:
BTC/USDT is at strong Weekly demand zone price has bee seen to take reversal from this region also this is the liquidity area we can see many liquidity wicks in this region. Also there is the trendline support. BTC is facing resistance of 100 + 89 EMA we need to flip it and need weekly closure above the 38500 if not market will be really choppy and BTC can come down till 30k.
USDT.D is at strong resistance area it has bee rejected from this region before we can expect a rejection VOLUME is also low in this area so we can see a rejection if USDT.D is rejected it will be good for BTC.
BTC.D is at strong support region POC is also aligning with in the demand zone we can also see a trendline support so we can expect a move after hitting the POC.
So we should observe the market in this condition trade with stop loos and observe the market before taking any entry at the moment.
@ChartsSignalsTrading
