BTC/USDT chart on 4 hours intervale
Hi everyone
We can see two important strokes in the chart. A fundamental support zone in the $ 28,798 - $ 31,272 range, and a very high resistance zone in the $ 46,682 - $ 50,966 range.
Currently, the price is just above the $ 42,675 support, if the price does not hold, the next supports are at: $ 40,732 and $ 39,246.
However, when the price rises, the first resistance will be encountered at the important point of 0.618 Fib retracement with the price of $ 44,618, and the next one is the resistance zone from $ 46,682 to $ 50,966.
We can see two important strokes in the chart. A fundamental support zone in the $ 28,798 - $ 31,272 range, and a very high resistance zone in the $ 46,682 - $ 50,966 range.
Currently, the price is just above the $ 42,675 support, if the price does not hold, the next supports are at: $ 40,732 and $ 39,246.
However, when the price rises, the first resistance will be encountered at the important point of 0.618 Fib retracement with the price of $ 44,618, and the next one is the resistance zone from $ 46,682 to $ 50,966.
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