Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,286, if the support breaks down, the next ones are $ 19,767, $ 19,262 and $ 18,526.
Now let's move from the resistance line as you can see the first resistance is $ 20,936, if you can break it the next resistance will be $ 21,845 and $ 22,984.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy has been used, and the MACD indicator shows that we are in a local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,286, if the support breaks down, the next ones are $ 19,767, $ 19,262 and $ 18,526.
Now let's move from the resistance line as you can see the first resistance is $ 20,936, if you can break it the next resistance will be $ 21,845 and $ 22,984.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy has been used, and the MACD indicator shows that we are in a local downward trend.