BTCUSDT 4H | Bitcoin market overview: Correction

Hello, dear subscribers!

In the previous review, we looked at the downward exit from the triangle as a priority movement option for bitcoin price.

In the following days, bitcoin price corrected down to the designated support zone. The bitcoin price entered the support zone of $51,000 - $52,000, after which the bulls beat off the bears' attack. The current bitcoin price resistance level is in the $55,500 zone. Support levels remain the same.
The RSI and MACD indicators are in the red zone, but at the moment show recovery after a strong fall. The OBV indicator touched 2.15M - this level is the main support for the buyers. A fixation below it would indicate the formation of a global downtrend.
At the moment, bitcoin price is in the wide zone of $51,000 - $55,500. In the coming days, buyers or sellers will try to overcome the boundaries and show their strength, in the current situation, the initiative remains with the bears.

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