Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart over the 4 hour timeframe. As you can see, the price moves in the triangle marked with yellow lines.
Let’s start by marking the resistance line, as you can see, the first resistance is $ 19,069, if you can break it, the next resistance will be $ 19,149, $ 19,234 and $ 19,351.
Now let’s move to the support line and as you can see the first support in the near future is $ 19,023, if the support breaks down, the next support is $ 19,023, $ 18,950 and $ 18,822.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator shows a local upward trend.
Disclaimer: Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
