Market update 📈
China Approved BTC and ETF ETF !!
We were silent yesterday on any update as market is supreme so we waited for weekly close
⚡BTC : After a long time, strong close below previous 2021 ATH and closes above 65k, which made it bearish in HTF and neutral in LTF. 65825 will act as major support, until it holds we consolidate here and 67863,70544 remains as resistance, if closes above 70544, we change our stance from neutral to bullish.
If we lose 65.5k, we will see 7.5k points dump in BTC to 58.5k
⚡Altindex : It took the support from the low we mentioned of 580B, from there it started to rally.
currently our red box, 683-696B still remains as resistance.
⚡ BTC.d : As said, its in a downtrend, helping alts more to pumps and not lag, 47.5% remains as support
⚡ Usdt.d : We are at support of 4.6%, if that doesn't holds, 4.36% next
Fundementally : Chineese ETF approval giving optimism Asian markets pump.
But we have to acknowledge that we have retail sales data today and powell speech tomorrow.
Post war, it’s important to see how US market react.
We have atleast 5+ fed speakers speech this week
Summary : We are Yet Neutral as of now, alts LTF bullish until the levels mentioned.
Survival is the key now,So have good risk management fam. We will update you as it is.
Stay tuned.
#etf #BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins
