H4 and D1 for $BTC are both trending downward. This is the context for reading the Stochastic.
BTC is currently at $77,015.2 USDT, slightly down over the past 24 hours. Support is at 76,265.2 USDT: an H4 close below this level would confirm a loss of support.
The Stochastic on the daily candle that has closed is leaning toward an upward move. The indicator is low, but that does not confirm that price has reached a bottom. The downward trend is aligned across the 4-hour and daily timeframes.
BTC is currently at $77,015.2 USDT, slightly down over the past 24 hours. Support is at 76,265.2 USDT: an H4 close below this level would confirm a loss of support.
The Stochastic on the daily candle that has closed is leaning toward an upward move. The indicator is low, but that does not confirm that price has reached a bottom. The downward trend is aligned across the 4-hour and daily timeframes.
