Daily BTC 4HChart - resistance and support
Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $25476, if the support is broken then the next support is $25017 and $24654.
Now let's move to the resistance line, as you can see the first resistance is $26327, if you manage to break it, the next resistance will be $26649, $26941 and $27375.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a continuation in the downtrend, while the RSI shows an increase, however, in the coming hours, we can still see the price increase.
Let's start with the support line and as you can see the first support in the near future is $25476, if the support is broken then the next support is $25017 and $24654.
Now let's move to the resistance line, as you can see the first resistance is $26327, if you manage to break it, the next resistance will be $26649, $26941 and $27375.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a continuation in the downtrend, while the RSI shows an increase, however, in the coming hours, we can still see the price increase.