BTCUSDT - 4H
Currently, the price is in the side channel, which may suggest consolidation and flag formation. The price can test the area of 36.5K - 37K or go down one level of fibo to 35.5K (50 fibo) before coming under resistance in the area of 42K.
Only breaking this resistance (closing the candle above
42K) can trigger a next move and possible attack on the next resistance in the area of 47K - 47.5K, where there is also 50 fibo level of the entire last correction movement.
Along the way, you should also remember the fibo 38.2 (around 43.3K), which can also hold the price.
If the upward move is continued, then yellow areas could be the next stops.
Only breaking this resistance (closing the candle above
42K) can trigger a next move and possible attack on the next resistance in the area of 47K - 47.5K, where there is also 50 fibo level of the entire last correction movement.Along the way, you should also remember the fibo 38.2 (around 43.3K), which can also hold the price.
If the upward move is continued, then yellow areas could be the next stops.
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