Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving in the local uptrend channel.
Let's start with the designation of the support line and as you can see the first support that the price is currently based on is $ 23,179, if the support breaks down, the next support is $ 22,694, $ 22,219 and $ 21,541.
Now let's move from the resistance line as you can see the first resistance is $ 23,509, if you can break it the next resistance will be $ 23,775 and $ 24,181.
Looking at the CHOP indicator, we can see that in the 1-day interval we still have energy to continue the movement and the MACD indicator shows a local downward trend.
Let's start with the designation of the support line and as you can see the first support that the price is currently based on is $ 23,179, if the support breaks down, the next support is $ 22,694, $ 22,219 and $ 21,541.
Now let's move from the resistance line as you can see the first resistance is $ 23,509, if you can break it the next resistance will be $ 23,775 and $ 24,181.
Looking at the CHOP indicator, we can see that in the 1-day interval we still have energy to continue the movement and the MACD indicator shows a local downward trend.