BTC is based on support at $ 42,354.
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 is moving above the local uptrend.
Let’s start with the designation of the support line and as you can see the first support where the BTC price is currently at is $ 42,354, if the support breaks down, the next one is $ 40 ,548 and $ 38,777.
Now let’s move from the resistance line as you can see the first resistance is $ 43,602, if you can break it the next resistance will be $ 44,432 and the next resistance will be $ 45,141.
Looking at the CHOP indicator , we can see that in the 4-hour interval we have a lot of energy for the next move.
