Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price moves in the uptrend channel marked with blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38,782, if the support breaks down, the next one is $ 36,174 and $ 32,893.
Now let's move from the resistance line, as you can see, the first resistance BTC is heading towards is $ 40,170, if you can break it, the next resistance will be $ 41,727 and $ 42,905.
Looking at the CHOP indicator, we can see that in the 1-day interval we have a lot of energy that can be used in the coming days, while the MACD indicator shows a continuation of the upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38,782, if the support breaks down, the next one is $ 36,174 and $ 32,893.
Now let's move from the resistance line, as you can see, the first resistance BTC is heading towards is $ 40,170, if you can break it, the next resistance will be $ 41,727 and $ 42,905.
Looking at the CHOP indicator, we can see that in the 1-day interval we have a lot of energy that can be used in the coming days, while the MACD indicator shows a continuation of the upward trend.