Hello everyone, let’s take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving in the local downtrend channel .

Let’s start with the designation of the support line and as you can see the first support in the near future is $ 35,917, if the support breaks down, the next one is $ 33,323.

Now let’s move from the resistance line, as you can see, the first resistance is $ 36,393, if you can break it, the next resistance will be $ 37,106 and $ 37,646 and $ 38,208.

Looking at the CHOP indicator , we can see that we collected a lot of energy in the 1 hour interval, while the MACD indicator shows that we have turned back with the trend and the next move should be up.