Hello everyone, let’s take a look at the BTC to USDT chart over the 1 hour timeframe on 08.09.2022. As you can see, the price is moving below the local uptrend line.
https://www.youtube.com/watch?v=7y91jfX5_8A
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 19,090, if the support breaks down, the next support is $ 19,022, $ 18,942 and $ 18,692.
Now let’s move from the resistance line, as you can see, the first resistance is $ 19,247, if you can break it, the next resistance will be $ 19393, $ 19509 and $ 19625
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-hour interval, and the MACD indicator shows a local downward trend.
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