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#BTC/USDT ANALYSIS
BTC has been rejected from the MA 100 and the Ichimoku cloud resistance, bouncing back after retesting above the descending triangle. The bulls now require a breakout above the Ichimoku cloud resistance for solid bullish confirmation.
Simple if we break above the Ichimoku cloud we may see bullish as the over all market sentiment is bullish but if remain retest and below that ichimoku cloud we may see more correction here.
#US DOLLAR ANALYSIS
The US dollar continues to move within the confines of a symmetrical triangle. It is currently trading below the trendline, the MA 100, and encountering resistance from the Ichimoku cloud. A rejection appears to be a plausible scenario.
We can anticipate further oscillation within the triangle until a definitive breakout or breakdown materializes. It's important to acknowledge its inverse relationship with the crypto market.
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