Market Update: As mentioned in previous update that the 24900 | CRYPTOLOGY

Market Update:

As mentioned in previous update that the 24900 level is strong level for BTC and it needs to hold this region.

If we look at BTC it is holding the 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 this level is also broken then BTC can then further go down.

If we look BTC on 2hr it is in strong demand zone but facing strong trendline resistance for the bullish continuation BTC needs to breakout.

USD.T is at strong daily resistance level where we have trendline resistance 0.886 level  is also  acting as resistance here expecting a rejection from this region.

In the end as we have weekly closure today BTC needs to hold the 24900 if this levels break then BTC and Alts can bleed further. If it is able to hold this region expecting a move from this region. As things are not cleared trade cautiously with tight Sl.

@the_cryptology