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

Market Update

As mentioned in the previous update that BTC is facing resistance on weekly Tf and need a closure above 38k for the bullish continuation but it failed to give the closure above and rejected from weekly resistance level

If we look BTC currently it has broke the support level of 37k it needs to reclaimed this level for the bullish move The 38K level on weekly will be the other strong resistance level for BTC on the weekly Tf these region for the BTC are very crucial to reclaimed for the bullish momentum till the 40K levels if failed to reclaimed we can then test the lower level

Now if we looks at USDTD as mentioned in the previous update that it is in the strong weekly demand zone upside move from here is expected and same happened USDTD taken move from here and we witnessed Btc and alts to bleed Currently USDT.D is facing EMA resistance lets hope that it rejects from this resistance levels

As the PA is not cleared and market looks choppy trade cautious with tight SL