BTC Short-Term Review 1H Chart
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price moved upwards from the local downtrend line.
After unfolding the Fib Retracement grid, we see that first we have a support zone from $25,994 to $25,787, then support at $25,618, then a second zone from $25,452 to $25,210, and then support at $24,906.
Looking the other way, we are in the resistance zone from $26,113 to $26,450, after breaking higher we can see an increase to the resistance at $27,390.
As we can see, every energy collected on the CHOP index is used for growth, on the RSI we have reached the upper limit, and the STOCH index has also exceeded the upper limit, which may result in a slowdown in the current growth and a moment of recovery before further growth.
After unfolding the Fib Retracement grid, we see that first we have a support zone from $25,994 to $25,787, then support at $25,618, then a second zone from $25,452 to $25,210, and then support at $24,906.
Looking the other way, we are in the resistance zone from $26,113 to $26,450, after breaking higher we can see an increase to the resistance at $27,390.
As we can see, every energy collected on the CHOP index is used for growth, on the RSI we have reached the upper limit, and the STOCH index has also exceeded the upper limit, which may result in a slowdown in the current growth and a moment of recovery before further growth.
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