BTC/USDT 4h Interval Chart
Hello, I invite everyone to a quick review of BTC to USDT pair, taking into account the four-hour interval. as we can see, the price has moved upwards from the downward trend line.
After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000.
Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355.
It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000.
Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355.
It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
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