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 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 $ 37,296, if the support breaks down, the next one is $ 34,293.

Now let’s move from the resistance line as you can see the first resistance is $ 39,949, if you can break it the next resistance will be $ 41,555 and $ 42,777.

Looking at the CHOP indicator , we can see that we have a lot of energy in the 4-hour interval, be careful in the hours ahead. The MACD indicator confirmed the recent drop in price as the blue line crossed the red one from above.