BTC cannot break the resistance at $ 42,255
Bitcoin / TetherUS BINANCE:BTCUSDT
Hello everyone, let’s take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price moves in the channel marked with blue lines.
Let’s start by highlighting the support as you can see, the first support is $ 41,193, if the support is broken, the next support is $ 39,866 and $ 38,538.
Now let’s move on to drawing the resistance line and as you can see the first resistance in the short term is $ 42,255 which is currently struggling with the price, the next resistance is $ 43,701, $ 45,441.
Looking at the CHOP indicator , we can see that in the 4-hour interval we have less and less energy.
