Market Update: BTC is has successfully reclaimed the resistan | CRYPTOLOGY

Market Update:

BTC is has successfully reclaimed the resistance levels of the 42 to 43k level now BTC is approaching the key level on the weekly Tf that is the 0.618 level which the 44545 level it is the strong resistance level for BTC if BTC is able to flip this region to support by giving a weekly closure above it will be a positive sign for the further bullish momentum.

Now if we look BTC on hourly it is forming a bullish pennant patter currently facing resistance if able to give breakout we can then witnessed some upside move in case of the breakdown of the lower trendline then BTC will consolidate.

If we look at USDT.D it is in strong weekly demand zone it has given upside moves from here in past as well USDT.D is at key level currently if this strong demand also breakdown it will be a positive sign for BTC and Alts in case of upside move from here BTC and Alts will then reject.

In the end:
As BTC is approaching the key level Trade cautiously with tight SL.