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 below the 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 $ 29,088, if the support breaks down, the next one is $ 28,466 and $ 27,696 and $ 26,719.

Now let’s move from the resistance line as you can see the first resistance is $ 29,828, if you can break it the next resistance will be $ 31,753 and $ 33,323.

Looking at the CHOP indicator , we can see that in the 1 hour interval the energy begins to increase, while the MACD indicator shows a downward trend, however, the blue line begins to change direction, so it is worth watching.