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BTC/USDT Short-Term 1H Chart

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Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line.

Let's start by marking the support line and as you can see, the price remains above the support zone from $43,938 to $43,683, and then we have a very strong zone from $43,068 to $42,605.

Looking the other way, you can see the resistance zone from $44,194 to $44,472, and then a path will open towards the second zone from $45,242 to $45,651.

Looking at the CHOP indicator, we see that it is gathering more and more energy, on the RSI indicator we have returned to the middle of the range, while the STOCH indicator has rebounded from the lower limit and resulted in an increase in price, but the energy is quickly used for recovery.

כתב ויתור

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