Hi everyone, let’s take a look at the Bitcoin (BTC) to USDT chart on the 4 day time frame. As you can see, the price is rising above the local uptrend line.
Let’s start by specifying the support line, you can see that the first support in the near future is $ 19,255If support is broken, the next support is $ 19,119$ 19,002 and $ 18,894.
Now let’s move away from the resistance line, you can see that the first resistance is $ 19,312If you can break it, the next resistance will be $ 19,492$ 19,681 and $ 19,947.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4-hour range and the MACD indicator is showing a partial uptrend.
Disclaimer: Technical analysis is provided by a third party for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
