Bitcoin (BTC) to USDT chart over the 4 hour timeframe on 11.09.2022

Hello everyone, let's take a look at the Bitcoin (BTC) to USDT chart over the 4 hour timeframe on 11.09.2022. As you can see, price is moving above 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 $ 21,269, if the support breaks down, the next support is $ 21,027, $ 20,825 and $ 20,606.

 

Now let's move from the resistance line as you can see the first resistance is $ 21,618, if you can break it the next resistance will be $ 22,621 and $ 23,247.Looking at the CHOP indicator, we can see that we have very little energy in the 4-hour interval, and the MACD indicator shows that we can enter a local downward trend.

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