BTC, despite the correction, is moving in the uptrend channel
Bitcoin / TetherUS BINANCE:BTCUSDT
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 .
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 39,567, if the support breaks down, the next one is $ 37,161.
Now let’s move from the resistance line as you can see the first resistance is $ 41,330, if you can break it the next resistance will be $ 42,645 and $ 43,709.
Looking at the CHOP indicator , we have a lot of energy in the 1 hour interval, so we can expect the continuation of the movement.
