BTC/USD 4h Chart ReviewHello everyone, I invite you to review the current situation on BTC. When we enter the four-hour interval, we can see how the BTC price is moving in the upward trend channel, in which several upward waves can be marked, which may indicate the beginning of another wave of growth.
Here you can see how the current rebound has brought the movement closer to a strong resistance zone from $ 110,400 to $ 113,200, only breaking out of this zone on top can give the price an increase in the area of strong resistance at $ 121,000.
Looking the other way, you can see that when the trend reverses, we first have a support zone from $ 106,600 to $ 105,400, however, if this zone is broken, we can see a quick return of the price to the area of strong support at $ 102,000.
The RSI indicator shows how a support line was formed from which the indicator bounced many times, giving the price an increase, while the MACD indicator maintained the upward trend and created room for another upward movement when the price recovered.
