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 above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,455, if the support breaks down, the next support is $ 20,286 and $ 20061.
Now let's move to the resistance line as you can see the first resistance is $ 20,659, if you can break it the next resistance will be $ 20,783, $ 20,919 and $ 21,103.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator hits the local downtrend, but the blue line is close to the red crossing from the bottom, which may confirm the trend change.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,455, if the support breaks down, the next support is $ 20,286 and $ 20061.
Now let's move to the resistance line as you can see the first resistance is $ 20,659, if you can break it the next resistance will be $ 20,783, $ 20,919 and $ 21,103.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator hits the local downtrend, but the blue line is close to the red crossing from the bottom, which may confirm the trend change.