The short-term trend remains bullish supported by daily and weekly trends as long as lower timeframe supports hold. Monitor for signs of trend reversal at supply zones and fair value gaps.
Weekly Timeframe
On the weekly timeframe, BTC/USDT is currently trading between support zone 2 of 24309.38 and resistance zone 1 of 45400. Key Fibonacci retracement levels that may act as support on a decline are 0.382 at 37887.89 and 0.618 at 32926.85. Supply zones 1 and 2 indicate where selling pressure may increase a downtrend, while demand zones 1 and 2 show potential reversal areas. Bullish and bearish fair value gaps signal potential reversal/continuance zones if reached.
Support and Resistance Levels
Support Zone #1 | 32259.90 |
Support Zone #2 | 24309.38 |
Support Zone #3 | 17622.00 |
Resistance Zone #1 | 45400.00 |
Resistance Zone#2 | 59998.80 |
Fibonacci Retracement Levels
0.382 | 37887.89 |
0.50 | 35377.15 |
0.618 | 32926.85 |
0.786 | 29374.98 |
0.882 | 27373.39 |
Supply Zone
Zone Number | High | Low |
Supply Zone 1 | 53256.64 | 59444.00 |
Supply Zone 2 | 62278.00 | 69000.00 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 30379.99 | 29889.14 |
Demand Zone 2 | 27987.93 | 26538.66 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG / Imbalance Zone 1 | 38414.00 | 39972.26 |
Bullish FVG / Imbalance Zone 2 | 34025.00 | 30379.99 |
Bullish FVG / Imbalance Zone 3 | 29883.60 | 27987.93 |
Bearish FVG / Imbalance Zone 1 | 53256.64 | 52088.00 |
Bearish FVG / Imbalance Zone 2 | 62278.00 | 59444.00 |
Daily Timeframe
The daily chart shows support at zone 1 of 41300 and resistance at zone 2 of 44073.32. As long as price holds above daily support 1, the short-term trend remains bullish. A break below this level could see an retest of weekly support zones.
Support and Resistance Levels
Support Zone #1 | 41300.00 |
Resistance Zone #2 | 44073.32 |
4 Hour Timeframe
Support is seen at zone 1 of 41144.87 on the 4-hour chart with resistance at the daily zone 2 of 44073.32. Fib retracement identifies potential reversals between 43918.65-41338.86. Supply zone 1 is currently being tested between 44862.11-45500 which may increase selling pressure on a break below.
Support and Resistance Levels
Support Zone #1 | 41144.87 |
Resistance Zone #2 | 44073.32 |
Fibonacci Retracement Levels
0.382 | 43918.65 |
0.50 | 43318.52 |
0.618 | 42708.12 |
0.786 | 41855.26 |
0.882 | 41338.860 |
SupplyZone
Supply Number | High | Low |
Supply Zone #1 | 44862.11 | 45500.00 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG / Imbalance Zone 1 | 44940.93 | 43716.00 |
1 Hour Timeframe
On the 1-hour chart, supports are at zone 1 of 42408.92 and zone 2 of 41402.06. Resistances are at zone 1 of 44228 and zone 2 of 43490.01. Supply zone 1 is forming between 45045.95-45500. A bullish fair value gap from 45045.95-43716 may drive further upside.
Support and Resistance Levels
Support Zone #1 | 42408.92 |
Support Zone #2 | 41402.06 |
Resistance Zone #1 | 44228.00 |
Resistance Zone #2 | 43490.01 |
Fibonacci Retracement Levels
0.382 | 43921.65 |
0.50 | 43317.28 |
0.618 | 42714.14 |
0.786 | 41853.11 |
0.882 | 41364.83 |
Supply Zone
Supply Number | High | Low |
Supply Zone #1 | 45045.95 | 45500.00 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG / Imbalance Zone 1 | 45045.95 | 43716.00 |