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 dynamically broke down from the local upward trend line.
After unfolding the Trend Based Fib Extension saitka, there is strong support at the level of $60,463, and further support is visible at the level of $58,440.
Looking the other way, you can see resistance at $62,343, and then the important level of $63,539.
There was some room for the RSI indicator to decline further, while the STOCH indicator approached the lower limit, which could have resulted in the correction slowing down.
After unfolding the Trend Based Fib Extension saitka, there is strong support at the level of $60,463, and further support is visible at the level of $58,440.
Looking the other way, you can see resistance at $62,343, and then the important level of $63,539.
There was some room for the RSI indicator to decline further, while the STOCH indicator approached the lower limit, which could have resulted in the correction slowing down.