BTC is including a local correction after recent gains.
Hello everyone, let's take a look at the BTC to USDT chart in a 4 hour timeframe. As you can see, 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 $ 44,600, if the support is broken, the next support is $ 42,424 and $ 40,569.
Now let's move from the resistance line as you can see the first resistance is $ 46 711, if you can break it the next resistance will be at $ 50 998 and $ 55 221.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy has been used, but we have some to continue the movement.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 44,600, if the support is broken, the next support is $ 42,424 and $ 40,569.
Now let's move from the resistance line as you can see the first resistance is $ 46 711, if you can break it the next resistance will be at $ 50 998 and $ 55 221.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy has been used, but we have some to continue the movement.