Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price came down from the uptrend channel, but the current declines are mainly caused by problems of the FTX exchange.
Let's start with the designation of the support, and as you can see, the first support is at $ 16,538, if the support breaks down, the next support is $ 16,011 and $ 15,269.
Now let's move to the resistance, as you can see we first need to overcome a large resistance zone from $ 16827 to $ 18103, if the price comes out of the top, the next resistance will be $ 19,126, $ 20,763 and $ 22,422.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy is slowly starting to rise, and the MACD indicator shows a local downward trend.
Let's start with the designation of the support, and as you can see, the first support is at $ 16,538, if the support breaks down, the next support is $ 16,011 and $ 15,269.
Now let's move to the resistance, as you can see we first need to overcome a large resistance zone from $ 16827 to $ 18103, if the price comes out of the top, the next resistance will be $ 19,126, $ 20,763 and $ 22,422.
Looking at the CHOP indicator, we can see that in the 4-hour interval some energy is slowly starting to rise, and the MACD indicator shows a local downward trend.