Hello everyone, let’s take a look at the BTC to USDT chart over the 4 hour timeframe on 07.09.2022. As you can see, the price is moving below the local downtrend line
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 18,547, if the support breaks down, the next support is $ 18,289, $ 18,092 and $ 17,888
Now let’s move from the resistance line as you can see the first resistance is $ 18,920, if you can break it the next resistance will be $ 19,049, $ 19,415 and $ 19,994.
Looking at the CHOP indicator, we can see that in the 4-hour interval, energy has been consumed, and the MACD indicator shows a local downward trend.
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