BTC is struggling with the current resistance
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 in the channel.
Let’s start by marking the support as you can see, the first support is $ 39,882, if the support is broken, the next support is $ 38,558 and $ 36,677.
Now let’s move on to drawing the resistance line and as you can see the first resistance in the short term is $ 40 ,369 which is currently struggling with the price, the next resistance is $ 41,310, $ 42,285 and $ 43,679.
Looking at the CHOP indicator , we can see that in the 4-hour interval the energy started to increase.
