Hello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price is climbing along the local upward trend line.
After unfolding the Fib Retracement saitka, we can see support at $41,853, and then we have a strong zone from $39,658 to $38,529.
Looking the other way, there is strong resistance at $44,985, but before that the price must break out of the resistance zone from $42,503 to $43,600.
The RSI indicator still shows room for a downward move, while the STOCH indicator is approaching the upper limit, which may also translate into a price recovery.
After unfolding the Fib Retracement saitka, we can see support at $41,853, and then we have a strong zone from $39,658 to $38,529.
Looking the other way, there is strong resistance at $44,985, but before that the price must break out of the resistance zone from $42,503 to $43,600.
The RSI indicator still shows room for a downward move, while the STOCH indicator is approaching the upper limit, which may also translate into a price recovery.