Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price emerged from the downtrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,235, if the support breaks down, the next support is $ 19,012, $ 18,792 and $ 18,469.
Now let's move from the resistance line, as you can see, the first resistance is $ 19397, if you can break it, the next resistance will be $ 19,497, $ 19,593 and $ 19,678.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used and is slowly starting to rebound, and the MACD indicator shows that we are maintaining the local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,235, if the support breaks down, the next support is $ 19,012, $ 18,792 and $ 18,469.
Now let's move from the resistance line, as you can see, the first resistance is $ 19397, if you can break it, the next resistance will be $ 19,497, $ 19,593 and $ 19,678.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used and is slowly starting to rebound, and the MACD indicator shows that we are maintaining the local upward trend.