Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price remains above the local upward trend line.
After unfolding the Fib Retracement grid, you can see that the price has returned to the strong resistance zone from $41,419 to $42,198, when this zone is broken, there is still strong resistance around $44,448.
Looking the other way, it is worth marking support at the level of $40,376, and further significant support is at the level of $38,534.
The RSI indicator, similarly to the STOCH indicator, shows a rebound from the upper limit, which should translate into a price recovery.
After unfolding the Fib Retracement grid, you can see that the price has returned to the strong resistance zone from $41,419 to $42,198, when this zone is broken, there is still strong resistance around $44,448.
Looking the other way, it is worth marking support at the level of $40,376, and further significant support is at the level of $38,534.
The RSI indicator, similarly to the STOCH indicator, shows a rebound from the upper limit, which should translate into a price recovery.