Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart over the 1 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 $ 19,635, if the support breaks down, the next support is $ 19,482 and $ 19,352.
Now let’s move from the resistance line as you can see the first resistance is $ 19,679, if you can break it the next resistance will be $ 19,745, $ 19,837 and $ 20,906.
Looking at the CHOP indicator, we can see that there is a lot of energy in the 1-hour interval, and the MACD indicator shows a local downward trend.
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