Daily BTC ShortTerm 4HChart - resistance and support
Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $28466, if the support is broken then the next support is $28302, $28151 and 28009 .
Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $28623, if it manages to break it, the next resistance will be $28815 and $29056.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD is close to returning to the local uptrend, however, the RSI is approaching the upper limit, which in the coming time may lead to another price rebound.
Let's start with the support line and as you can see the first support in the near future is $28466, if the support is broken then the next support is $28302, $28151 and 28009 .
Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $28623, if it manages to break it, the next resistance will be $28815 and $29056.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD is close to returning to the local uptrend, however, the RSI is approaching the upper limit, which in the coming time may lead to another price rebound.