BTC returns to around $ 41,000 after the last correction.
Hello everyone, let's take a look at the 4H BTC to USDT chart. As you can see, the price is moving in the uptrend channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38,732, if the support breaks down, the next one is $ 36,175 and $ 32,960.
Now let's move from the resistance line as you can see the first resistance is $ 42,250, if you can break it the next resistance will be $ 43,404 and $ 44,559.
Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows that the blue line is above the yellow line, which confirms the upward direction of the price.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38,732, if the support breaks down, the next one is $ 36,175 and $ 32,960.
Now let's move from the resistance line as you can see the first resistance is $ 42,250, if you can break it the next resistance will be $ 43,404 and $ 44,559.
Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows that the blue line is above the yellow line, which confirms the upward direction of the price.