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 downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 16594, if the support breaks down, the next support is $ 15706, $ 14998 and $ 14321.
Now let's move to the resistance line as you can see the first resistance is $ 17688, if you can break it the next resistance will be $ 18040, $ 18343, $ 18579 and $ 19003.
Looking at the CHOP indicator, we can see that in the 4-hour interval, the energy slowly begins to rise, and the MACD indicator shows a 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 $ 16594, if the support breaks down, the next support is $ 15706, $ 14998 and $ 14321.
Now let's move to the resistance line as you can see the first resistance is $ 17688, if you can break it the next resistance will be $ 18040, $ 18343, $ 18579 and $ 19003.
Looking at the CHOP indicator, we can see that in the 4-hour interval, the energy slowly begins to rise, and the MACD indicator shows a local upward trend.