BTC, despite the correction, is moving in the uptrend channel
Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving in the uptrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,567, if the support breaks down, the next one is $ 37,161.
Now let's move from the resistance line as you can see the first resistance is $ 41,330, if you can break it the next resistance will be $ 42,645 and $ 43,709.
Looking at the CHOP indicator, we have a lot of energy in the 1 hour interval, so we can expect the continuation of the movement.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,567, if the support breaks down, the next one is $ 37,161.
Now let's move from the resistance line as you can see the first resistance is $ 41,330, if you can break it the next resistance will be $ 42,645 and $ 43,709.
Looking at the CHOP indicator, we have a lot of energy in the 1 hour interval, so we can expect the continuation of the movement.