BTC/USDT 1H Interval
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 is moving below the local downtrend line.
After unfolding the trend based fib extension grid, you can see support around $39,185, then the second support at $38,334, and then the third support at $36,932.
Looking the other way, there is significant resistance at $40,260, followed by a resistance zone from $41,091 to $41,502.
The RSI shows room for further decline, while the STOCH indicator is approaching the lower limit, which may result in a price rebound.
After unfolding the trend based fib extension grid, you can see support around $39,185, then the second support at $38,334, and then the third support at $36,932.
Looking the other way, there is significant resistance at $40,260, followed by a resistance zone from $41,091 to $41,502.
The RSI shows room for further decline, while the STOCH indicator is approaching the lower limit, which may result in a price rebound.
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