Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the sideways trend channel.
Let's start with the designation of the support, and as you can see, we first have a support zone from nineteen thousand four hundred and forty dollars to nineteen thousand two hundred ninety four dollars, and then we have a second zone from nineteen thousand one hundred eighty four to nineteen thousand fifty five dollars.
Now let's move on to the resistance, and as you can see, the first resistance is from nineteen thousand six hundred and seventy-eight dollars to nineteen thousand eight hundred and ninety-eight dollars, and then we have resistance lines at twenty thousand one hundred and twenty dollars.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has been used and the MACD indicator shows a local upward trend.
Let's start with the designation of the support, and as you can see, we first have a support zone from nineteen thousand four hundred and forty dollars to nineteen thousand two hundred ninety four dollars, and then we have a second zone from nineteen thousand one hundred eighty four to nineteen thousand fifty five dollars.
Now let's move on to the resistance, and as you can see, the first resistance is from nineteen thousand six hundred and seventy-eight dollars to nineteen thousand eight hundred and ninety-eight dollars, and then we have resistance lines at twenty thousand one hundred and twenty dollars.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has been used and the MACD indicator shows a local upward trend.