BTC recovers energy after yesterday's correction.
Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving in the uptrend channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,334, if the support breaks down, the next one is $ 38,174 and another one at $ 36,982.
Now let's move from the resistance line, as you can see, the first resistance is $ 40,785, if you can break it, the next resistance will be $ 41,429, another resistance at $ 41,945, the next resistance is $ 42,493 and $ 43,202.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy was used for a local correction and now we collect the energy anew.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,334, if the support breaks down, the next one is $ 38,174 and another one at $ 36,982.
Now let's move from the resistance line, as you can see, the first resistance is $ 40,785, if you can break it, the next resistance will be $ 41,429, another resistance at $ 41,945, the next resistance is $ 42,493 and $ 43,202.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy was used for a local correction and now we collect the energy anew.
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