LUNAUSDT Technical Analysis:
LUNA has broken below the H1 structural support of 86 area shifting the H1 structure to the bearish side. Overall the cryptos are in bearish sentiment. Currently, if we look at the Daily timeframe structure it’s really clear that we are in the corrective phase on LUNA and a deep bearish move can happen. The area of 92 is a supply zone and a downside move towards 78 is expected in the incoming days from this supply zone.
BTCUSDT Technical Analysis:
BTC continuing the downside movement as expected previously, the market has broken and closed below the key support level of 40k, at the moment the market price is more likely to go down towards 36500, the area of 39500 will act as a resistance.