Currently, 1 Bitcoin is equal to $3,826, which is 1% more expensive than yesterday. While the recovery is growing up, a sustainable move above $3,800 may bring some relief for short-term BTC bulls.
Especially, the prices are supported by SMA100 (4-hour) currency ant $3,735. The decline was limited by this since Sunday. If it will be clear, the sell-off may be extended towards $3,600 with SMA200 (4-hour) situated right below this handle. This barrier is preferable to stop the downside to attract new buyers to the market. On the other hand, BTC/UDS will experience an increased downside tension and move to discover new lows at $3,300.
Above, the short-term recovery is $3,880 (SMA50 4-hour, SMA50 1-hour, SMA200 1-hour) and psychological $3,900, strengthened by SMA100 1-hour). So, $4,000 will come back once again.
Considering that the Relative Strength Index is shallow, in the neural area on all intraday charts, coin is going to continue the rangebound trading with a mild bullish bias.