Daily review of BTC interval 1H
Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price has dropped below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,823, if the support breaks down, the next support is $ 22,615 and $ 22,451.
Now let's move from the resistance line as you can see the first resistance is $ 23,174, if you can break it the next resistance will be $ 23,375, $ 23,535, $ 23,701 and $ 23,939.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy has been used and the MACD indicator confirms the local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,823, if the support breaks down, the next support is $ 22,615 and $ 22,451.
Now let's move from the resistance line as you can see the first resistance is $ 23,174, if you can break it the next resistance will be $ 23,375, $ 23,535, $ 23,701 and $ 23,939.
Looking at the CHOP indicator, we can see that in the 1-hour interval the energy has been used and the MACD indicator confirms the local downward trend.
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