BTC/USDT perpetual futures chart.

6 May 2022

As you'll notice from the chart, price action has hit support at 37700 and is gradually rising and I'm confident it'll reach resistance at 38900. What's interesting though is that both the RSI and Stochastic are showing oversold signals on all the higher timeframes from 1hr, 2hr, 3hr, 4hr and also the Daily chart. So yeah, I'm definitely bullish on this one for the time being.