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 remains above the local downtrend line.
When we unfold the Fib Retracement grid, we will see support at $2,030, and then we will see the support zone from $2,005 to $1,986.
Looking the other way, there is a resistance zone from $2,059 to $2,076, and then we have a second, very strong zone from $2,101 to $2,132.
Looking at the CHOP indicator, we see that there is still energy for a move, the RSI indicator shows a rebound with room for a larger decline, and the STOCH indicator shows that we are exceeding the lower limit, which may result in a slowdown in the declines.
When we unfold the Fib Retracement grid, we will see support at $2,030, and then we will see the support zone from $2,005 to $1,986.
Looking the other way, there is a resistance zone from $2,059 to $2,076, and then we have a second, very strong zone from $2,101 to $2,132.
Looking at the CHOP indicator, we see that there is still energy for a move, the RSI indicator shows a rebound with room for a larger decline, and the STOCH indicator shows that we are exceeding the lower limit, which may result in a slowdown in the declines.