BTC is trying to go up
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 below the trendline.
Let’s start with the designation of the support as you can see, the first support is $ 38,593, if the support goes down, the next support is $ 36,711 and $ 34,343.
Now let’s move on to drawing the resistance line and as you can see, the first resistance in the short term is $ 40 ,334 which is currently struggling with price, the next resistance is $ 41,240, $ 42,250.
Looking at the CHOP indicator , we can see that in the 1 hour interval the energy was used up.
