Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 41,279, if the support breaks down, the next one is $ 39,632 and $ 37,295.
Now let's move from the resistance line, as you can see, the first resistance is $ 43,536, if you can break it, the next resistance will be $ 44,413, the next resistance is $ 45,130 and the next resistance is $ 45,873.
It is worth paying attention to the CHOP indicator which shows that in the interval of 1 hour we have a lot of energy for quick movement.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 41,279, if the support breaks down, the next one is $ 39,632 and $ 37,295.
Now let's move from the resistance line, as you can see, the first resistance is $ 43,536, if you can break it, the next resistance will be $ 44,413, the next resistance is $ 45,130 and the next resistance is $ 45,873.
It is worth paying attention to the CHOP indicator which shows that in the interval of 1 hour we have a lot of energy for quick movement.