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 we first have support zones from $ 20,606 to $ 20,477, if the support breaks down, the next support is $ 20,49 and $ 19,599.
Now let's move to the resistance line as you can see the first resistance is $ 20,865, if you can break it the next resistance will be $ 21,128, $ 21,366 and $ 21,578.
Looking at the CHOP indicator, we can see that in the 1-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
Let's start with the designation of the support line and as you can see we first have support zones from $ 20,606 to $ 20,477, if the support breaks down, the next support is $ 20,49 and $ 19,599.
Now let's move to the resistance line as you can see the first resistance is $ 20,865, if you can break it the next resistance will be $ 21,128, $ 21,366 and $ 21,578.
Looking at the CHOP indicator, we can see that in the 1-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.