Bitcoin / Tether

BTC/USDT 4HInterval Chart

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Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price remains below the local downtrend line.

After using Fib Retracement, support is visible at the level of $50,079, and the next important level is $49,282.

Looking the other way, first the resistance is at $51,446, and then we have a strong zone from $52,461 to $52,997.

The RSI indicator shows a movement below the trend line, with room for further recovery, while the STOCH indicator is reflecting from the lower border, but the rebounds result in a greater price decline.

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