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 line.

Let’s start by marking the resistance line, as you can see, the first resistance is $ 42,823 which BTC is currently struggling with, the next one is $ 41,214 and $ 39,843.

Now let’s move on to the support line and as you can see the first support is $ 44,617, another $ 47,948, $ 52,060.

Looking at the CHOP indicator , we can see that the energy has been used up in the 4-hour interval.