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- The BTC/USD pair is trading at **$43,130 USD** as of 07:42:15 GMT+02:00 on February 6, 2024.

- The pair is in a **sideways trend** on the one hour chart, as indicated by the price fluctuating between the **$40,000 USD** and **$52,000 USD** levels, and the moving averages converging around the price.

- The pair is **neutral** on the one hour chart, as indicated by the RSI around 50, the Stochastic RSI crossing over at the middle, and the CCI around zero.

- The pair is facing **strong resistance** at the **$52,000 USD** level, which is the upper boundary of the range, the 50% Fibonacci retracement level of the recent decline from $69,000 USD to $43,130 USD, and a previous support-turned-resistance level.

- The pair is also facing **weak support** at the **$40,000 USD** level, which is the lower boundary of the range, the 23.6% Fibonacci extension level of the same decline, and a psychological round number.

- A possible **entry point** for a short position is at the **$50,778 USD** level, which is the 38.2% Fibonacci retracement level and a previous support-turned-resistance level.

- A possible **exit point** for a short position is at the **$41,222 USD** level, which is the 161.8% Fibonacci extension level and a previous resistance-turned-support level.

- A possible **entry point** for a long position is at the **$41,222 USD** level, which is the 76.4% Fibonacci retracement level and a previous support-turned-resistance level.

- A possible **exit point** for a long position is at the **$50,778 USD** level, which is the 23.6% Fibonacci retracement level and a previous resistance-turned-support level.