BTC/USDT(4hr); Uptrend influenced by news

Hello everyone
We saw the price of bitcoin fall to $ 42,000, and there was a shadow.
Trading in the 4hr time frame entered the over-sold area and the price increased.
Also, Fibonacci 0.328 points are priced at $ 44,000 to $ 42,000.
And 0.618 on $ 38,000.
On the other hand, we have the support of $ 40,000.


Note: In the coming weeks, the effect of the US unemployment rate and fiscal policies will determine the market trend. So be careful to analyze macroeconomic news.

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BTCUSDTrend Analysis

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