BTC is gathering energy, MACD confirms the uptrend.
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 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 term is $ 39,311, if the support breaks down, the next one is $ 38,184 and $ 37,056.
Now let's move from the resistance line as you can see the first resistance is $ 41,093, if you can break it the next resistance will be $ 42,693 and $ 44,039.
Looking at the CHOP indicator, we can see that we collect a lot of energy in the 4-hour interval, and it is also worth paying attention to the MACD indicator, which indicates that we are starting an upward trend.
Let's start with the designation of the support line and as you can see the first support in the near term is $ 39,311, if the support breaks down, the next one is $ 38,184 and $ 37,056.
Now let's move from the resistance line as you can see the first resistance is $ 41,093, if you can break it the next resistance will be $ 42,693 and $ 44,039.
Looking at the CHOP indicator, we can see that we collect a lot of energy in the 4-hour interval, and it is also worth paying attention to the MACD indicator, which indicates that we are starting an upward trend.