Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support at the price of $ 24,129, when the price drops lower, the second support is at $ 23,789, then at the price of $ 23,434 and $ 22,952.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark support at $24,825, when it breaks, then we have second support at $25,300, then support at $25,741, and then support at $26,404.
Please pay attention to the CHOP index, which indicates that we are gathering energy again, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, but we are still moving in the upper part of the range.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support at the price of $ 24,129, when the price drops lower, the second support is at $ 23,789, then at the price of $ 23,434 and $ 22,952.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark support at $24,825, when it breaks, then we have second support at $25,300, then support at $25,741, and then support at $26,404.
Please pay attention to the CHOP index, which indicates that we are gathering energy again, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, but we are still moving in the upper part of the range.