Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the local downtrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,340, if the support breaks down, the next support is $ 19,174 and $ 19,041.
Now let's move to the resistance line, as you can see, the first resistance is $ 19,494, if you can break it, the next resistance will be $ 19,602, $ 19,687 and $ 19,775.
Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows 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 $ 19,340, if the support breaks down, the next support is $ 19,174 and $ 19,041.
Now let's move to the resistance line, as you can see, the first resistance is $ 19,494, if you can break it, the next resistance will be $ 19,602, $ 19,687 and $ 19,775.
Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows a local downward trend.