BTC/USDT Short-Term

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Hello everyone, let's take a look at the BTC to USDT chart on a 15 minute time frame. As you can see, the price moved higher from the local downtrend line.

When we unfold the Trend Based Fib Extension tool, we see support at the level of $41,683, while there is also a support zone from $41,250 to $41,022.

Looking the other way, we have visible resistance at $42,153, but when the price overcomes it, we can see an increase to the resistance zone from $42,548 to $42,755.

The RSI indicator has returned to the upper part of the range, which limits room for growth, while the STOCH indicator shows a rebound with room for the price to maintain its decline.

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