BTC Short-Term Chart 1H
Supports and resistances for BTC in pair with USDT taking into account the time frame of one hour. As you can see, the price returned above the local upward trend line.
After unfolding the Fib Retracement grid, it can be seen that the price is struggling to maintain the resistance at $43,872, and still needs to overcome the strong resistance zone from $44,762 to $45,875.
Looking the other way, you can see support at $42,927, then at $42,050, and then the support zone from $41,421 to $40,620.
Looking at the RSI indicator, we can see a dynamic increase with room for further movement, while the STOCH indicator is reflecting from the upper limit, which may result in a price recovery.
After unfolding the Fib Retracement grid, it can be seen that the price is struggling to maintain the resistance at $43,872, and still needs to overcome the strong resistance zone from $44,762 to $45,875.
Looking the other way, you can see support at $42,927, then at $42,050, and then the support zone from $41,421 to $40,620.
Looking at the RSI indicator, we can see a dynamic increase with room for further movement, while the STOCH indicator is reflecting from the upper limit, which may result in a price recovery.
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