Daily review of BTC interval 4H

Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line.

Let's start with the support line and as you can see the first support in the near future is $16960, if the support is broken then the next support is $16900, $16852 and $16804.

Now let's move on to the resistance line, as you can see the first resistance is $17032, if you manage to break it, the next resistance will be $17130, $17210 and $17292.

Looking at the CHOP indicator, we see that in the 4-hour interval some of the energy has been used, the MACD indicates that we are moving in a downtrend.