BTC/USDT 4H chart review
Hello everyone, I invite you to a quick review of the BTC/USDT chart on the 4-H interval. As we can see, the price has dynamically returned to the local downtrend line and is currently struggling to maintain its position.
Going further, you can see how the price returned above the support at $59,510, then support at $57,490, and then strong support at $54,308 and another very strong support at $52,000.
Looking the other way, you can see resistance at the level of $62,000, which effectively rejected the price increase, the next resistance is at $65,426, and then there is strong resistance at $69,662.
On the RSI, we can see the indicator falling, but the price does not record a major correction, which may have a positive impact on further upward movement.
Going further, you can see how the price returned above the support at $59,510, then support at $57,490, and then strong support at $54,308 and another very strong support at $52,000.
Looking the other way, you can see resistance at the level of $62,000, which effectively rejected the price increase, the next resistance is at $65,426, and then there is strong resistance at $69,662.
On the RSI, we can see the indicator falling, but the price does not record a major correction, which may have a positive impact on further upward movement.
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