Market Update BTC weekly closure was at the 35k level which i | CRYPTOLOGY

Market Update

BTC weekly closure was at the 35k level which is a good Sign

Now if we see BTC on weekly it at strong level we have a-lot of liquidity in this area whenever BTC in past reclaimed this area given upside momentum. But if we see BTC on hourly TF it is facing trendline resistance for the further bullish momentum of BTC it needs a breakout. The lower trendline is acting as support if it breakdown BTC can reject to the lower level mentioned in chart which is the  33k region

If we see USDT.D as mentioned in previous update it breakdown the support and currently in strong weekly demand zone it has given upside momentum many times from this weekly demand zone. If we see it on hourly it is respecting the demand zone + also on a breakout if it breakout it will not be a good sign for BTC as well as alts

In the end BTC needs to breakout on hourly for bullish momentum and USDT.D needs to reject for the bullish continuation as things are not cleared trade cautiously with tight sl