BTC AND USDT.D Update: 1W TF
As discussed in the previous post losing the strong support level of 28000 could lead us to the lower levels. BTC had poor weekly closing and then we witnessed a massive drop.
BTC couldn't hold the 23000 level and BTC was seen touching 20800 levels. BTC lost its major support levels of 23500, 26500, 28000 which will now act as resistance. All this puts the possibility of touching the major support zone of 16200-19300 level. But we will not wait for this zone as it's a possibility so Until then we will be trading in range and will exit with the profit ASAP, but major buy trigger will be around the zone mentioned.
Meanwhile USDT.D broke out of of a very strong trend line resistance which is clearly not good for market and can lead BTC to the major zone mentioned. As we know that USDT moves inversely from BTC. We need USDT to drop for the movement of BTC.
Taking heavy positions is not recommended. Trade with minimum Capital.
