Daily review of BTC interval 4H
Hello everyone, let's look at the BTC to USDT chart on the four hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the coming hours is $16697, if the support is broken then the next support is $16667, $16640 and $16601.
Now let's move on to the resistance line, as you can see the first resistance is $16753, if you manage to break it, the next resistance will be $16793, $16832 and $16888.
Looking at the CHOP indicator, we see that in the four-hour interval we have a lot of energy for the next move, and the MACD confirms the local uptrend.
Let's start with the support line and as you can see the first support in the coming hours is $16697, if the support is broken then the next support is $16667, $16640 and $16601.
Now let's move on to the resistance line, as you can see the first resistance is $16753, if you manage to break it, the next resistance will be $16793, $16832 and $16888.
Looking at the CHOP indicator, we see that in the four-hour interval we have a lot of energy for the next move, and the MACD confirms the local uptrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.