Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As we can see, the price has fallen below the uptrend line.
Let's start with the support line and as you can see the first strong support is at $ 26656, if the support is broken then the next support is $ 25281, $ 23929 and $ 21967.
Now let's move to the resistance line, as you can see the first significant resistance is $ 29813, if you manage to break it the next resistance will be $ 31503 and $ 32856.
Looking at the CHOP indicator, we see that the energy is charged on the short interval, the MACD indicates a return to the local uptrend, while the RSI after a strong rebound we have a slight increase.
Let's start with the support line and as you can see the first strong support is at $ 26656, if the support is broken then the next support is $ 25281, $ 23929 and $ 21967.
Now let's move to the resistance line, as you can see the first significant resistance is $ 29813, if you manage to break it the next resistance will be $ 31503 and $ 32856.
Looking at the CHOP indicator, we see that the energy is charged on the short interval, the MACD indicates a return to the local uptrend, while the RSI after a strong rebound we have a slight increase.