Bitcoin (BTC) to USDT chart over the 4 hour timeframe

Hello everyone, let’s take a look at the Bitcoin (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 19385$, if the support breaks down, the next support is $ 19,146, $ 18,661 and $ 18,282. 

Now let’s move from the resistance line as you can see the first resistance is $ 20,475, if you can break it the next resistance will be $ 21,115, $ 21,635 and $ 22,140.

Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been exhausted and the MACD indicator shows that we can continue the downward trend.

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