Market Update: As warned you all many times in our updates th | CRYPTOLOGY

Market Update:

As warned you all many times in our updates that BTC is stuck in a range and the price was compressing around the 29k level and suddenly price burst and the expansion happened to the downside.

Now BTC is at another strong demand zone the 24900 level will act as strong support for BTC price has taken reversal many times from this region in past as well BTC needs to hold this region if not BTC can then further go down.

If we look at USDT.D as mentioned in past updates as well that USDT.D is at strong level if it breakout breakouts BTC and Alts will bleed and same thing happened Now USD.T is at strong daily resistance level where we have trendline resistance also 0.886 is acting as resistance here expecting a rejection from this region.

In the end BTC needs to hold the 24900 if this levels break then BTC and Alts will bleed further if it is able to hold this region expecting a move from this region. Trade cautiously with tight sl and we need closure above the 24900 level