4 Hour Time Form BTC Analysis
After the 7% price correction this morning, the price on Binance reached $40,200 and it was supported by the yellow channel and Fibonacci 618 and created a big rally. The price is now $41,980.
If the $40,200 support area is retested and the buyers raise the price again, we have the resistances of 42,444, 43,000, and 44,000 in front of us, and we will enter the upward phase by breaking the 44,500 resistance.
But if the 618 Fibonacci area is lost, we will enter the 40,000 channel and even lower to $38,800.
Pay attention to the bottom of the 618 Fibonacci area, if this area breaks, we will see a lot of fall.
#BTCUSDT
After the 7% price correction this morning, the price on Binance reached $40,200 and it was supported by the yellow channel and Fibonacci 618 and created a big rally. The price is now $41,980.
If the $40,200 support area is retested and the buyers raise the price again, we have the resistances of 42,444, 43,000, and 44,000 in front of us, and we will enter the upward phase by breaking the 44,500 resistance.
But if the 618 Fibonacci area is lost, we will enter the 40,000 channel and even lower to $38,800.
Pay attention to the bottom of the 618 Fibonacci area, if this area breaks, we will see a lot of fall.
#BTCUSDT