Bitcoin / Tether

Daily review of BTC interval 4H

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Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines.

Let's start with the support line and as you can see the first support in the near future is $23003, if the support is broken then the next support is $22846, $22700 and $22480.

Now let's go from the resistance line, as you can see the first resistance is $23092, if you manage to break it the next resistance will be $23270, $23447 and $23698.

Looking at the CHOP indicator, we see that there is still energy for a new move, the MACD indicates a local downtrend, while the RSI has a rebound and is moving in a downtrend.

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