Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the Fib Retracement saitka, you can see that the price is struggling with the resistance at the level of $45,050, while there is still strong resistance at the level of $46,766.
Looking the other way, you can see support at $42,816, and then the second support at $41,160.
The RSI shows a rebound from the upper limit, which gives a slight rebound, while the STOCH indicator still remains above the upper limit, which may result in a greater price recovery.
After unfolding the Fib Retracement saitka, you can see that the price is struggling with the resistance at the level of $45,050, while there is still strong resistance at the level of $46,766.
Looking the other way, you can see support at $42,816, and then the second support at $41,160.
The RSI shows a rebound from the upper limit, which gives a slight rebound, while the STOCH indicator still remains above the upper limit, which may result in a greater price recovery.