Market Update: As mentioned in the previous update BTC is fac | CRYPTOLOGY

Market Update:

As mentioned in the previous update BTC is facing trendline resistance on weekly and BTC rejected right from that trendline.

If we see BTC/USDT it is currently facing strong trendline resistance at the 38k level rejected from here twice for the bullish momentum of BTC we needs a closure above it the next strong level for BTC is the 35k level BTC needs to hold this region for the bullish continuation in case of a breakdown it will then test the lower levels.

USDT.D moved from the weekly demand zone, causing BTC and Alts rejection. For bullish continuation, USDT.D must break the demand zone and trendline support; otherwise, a move is expected from this zone.

In the End:
. BTC needs a weekly close above 38 for . bullish continuation.
. If rejected, 35k must hold; a break may lead to testing lower levels.
. USDT.D must break strong demand zone and trendline for BTC and alt bullish continuation.
. Lack of clarity suggests cautious trading with tight stop-loss.