CRYPTOLOGY

Market Update:

As warned you all many times in our updates that BTC is stuck in a range and the price was compressing around the 29k level and suddenly price burst and the expansion happened to the downside.

Now BTC is at another strong demand zone the 24900 level will act as strong support for BTC price has taken reversal many times from this region in past as well BTC needs to hold this region if not BTC can then further go down.

If we look at USDT.D as mentioned in past updates as well that USDT.D is at strong level if it breakout breakouts BTC and Alts will bleed and same thing happened Now USD.T is at strong daily resistance level where we have trendline resistance also 0.886 is acting as resistance here expecting a rejection from this region.

In the end BTC needs to hold the 24900 if this levels break then BTC and Alts will bleed further if it is able to hold this region expecting a move from this region. Trade cautiously with tight sl and we need closure above the 24900 level

Market Update:

As mentioned in previous update that 29000 level is the strong level for the BTC.

If we look BTC on daily time frame it is stuck in range bound and is not giving any clear direction. The 29000 level which is a strong level for BTC is acting as a support  if this level is broken then BTC can retrace till the 27500 to 28000 level which is the next strong support region for BTC where we have a trendline support also it is also a strong demand zone.

If we look at USDT.D is at crucial  level it has rejected from here in past as well if it rejects it will be a good sign for BTC as well as alts but if USDT.D flips this region then the levels mentioned for BTC can be targeted.

In the end BTC is stuck in a range bound and there in no volume in the market BTC need to hold the 29000 which is a strong level if this level is also broken then we can test the 27500 to 28000 levels. Till then we need to trade cautiously with tight SL. Scalping can be a good choice here.

Market Update:

As mentioned in previous update that 29000 level is the strong level for the BTC.

If we look BTC on daily time BTC is holding the 29000 level which is a strong level for BTC if this level is broken then BTC can retrace till the 27500 to 28000 level which is the next strong support region for BTC where we have a trendline support also it is also a strong demand zone.

If we look at USDT.D is at crucial  level it has rejected from here in past as well if it rejects it will be a good sign for BTC as well as alts but if USDT.D flips this region then the levels mentioned for BTC can be targeted.

In the end BTC need to hold the 29000 level as we have a weekly closure we need a closure above the 29000 level if this level is also broken then we can test the 27500 to 28000 levels. Till then we need to trade cautiously with tight SL. Scalping can be a good choice here.

Market Update:

As mentioned in previous update that 29000 level is the strong level for the BTC.

If we look BTC on daily time BTC is holding the 29000 level which is a strong level for BTC if this level is broken then BTC can retrace till the 27500 to 28000 level which is the next strong support region for BTC where we have a trendline support also it is also a strong demand zone.

If we look at USDT.D is at crucial  level it has rejected from here in past as well if it rejects it will be a good sign for BTC as well as alts but if USDT.D flips this region then the levels mentioned for BTC can be targeted.

In the end BTC need to hold the 29000 level if this level is also broken then we can test the 27500 to 28000 levels. Till then we need to trade cautiously with tight SL. Scalping can be a good choice here.