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
https://www.youtube.com/watch?v=Z2HUuMBBHdc
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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