Bitcoin / TetherUSShort
BTC SHORT INTERVAL 4H
Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. 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 $ 19,121, if the support breaks down, the next support is $ 18,629.
Now let's move from the resistance line as you can see the first resistance is $ 19,443, if you can break it the next resistance will be $ 19,716, $ 19,943 and $ 20,167.
Looking at the CHOP indicator, we can see that in the 4-hour interval we are slowly starting to regain energy and the MACD indicator indicates entering the local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,121, if the support breaks down, the next support is $ 18,629.
Now let's move from the resistance line as you can see the first resistance is $ 19,443, if you can break it the next resistance will be $ 19,716, $ 19,943 and $ 20,167.
Looking at the CHOP indicator, we can see that in the 4-hour interval we are slowly starting to regain energy and the MACD indicator indicates entering the local upward trend.
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