There are bearish indicators on the 4H and Daily charts, but bullish divergences, solid fundamentals, and a bottoming-out investor sentiment could signal a reversal soon. The stochastic indicators show that a reversal in short and mid-timeframe momentum could be in play, potentially confirming a “higher low” for the third time in a row on the weekly chart.
Let’s look at the [charts](https://t.me/midas_announcements/594) and try to identify trends for the week.
**Support Zones**:
* $39k
* $37k
* $35k
**Resistance Zones**:
* $40.5k
* $42k
* $48k