milad_ghaheripour

BTC/USDT(4hr); Uptrend influenced by news

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello everyone
We saw the price of bitcoin fall to $ 42,000, and there was a shadow.
Trading in the 4hr time frame entered the over-sold area and the price increased.
Also, Fibonacci 0.328 points are priced at $ 44,000 to $ 42,000.
And 0.618 on $ 38,000.
On the other hand, we have the support of $ 40,000.


Note: In the coming weeks, the effect of the US unemployment rate and fiscal policies will determine the market trend. So be careful to analyze macroeconomic news.

If you like it, I will be happy to like and comment and share it with your friends.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.