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 dynamically returned to the downward trend lines.
After unfolding the Fib Retracment saitka, you can see that the price has returned to the strong support zone from $42,517 to $42,227.
Looking the other way, you can see resistance at $42,940, and then a significant zone from $43,355 to $43,571.
The RSI indicator still shows room for a downward move, similarly to the STOCH indicator, but it is approaching the lower limit, which could have resulted in a slowdown in the decline.
After unfolding the Fib Retracment saitka, you can see that the price has returned to the strong support zone from $42,517 to $42,227.
Looking the other way, you can see resistance at $42,940, and then a significant zone from $43,355 to $43,571.
The RSI indicator still shows room for a downward move, similarly to the STOCH indicator, but it is approaching the lower limit, which could have resulted in a slowdown in the decline.