Hi everyone. Today we have marked the channel with blue lines in which the BTC price is currently moving. Then, with the help of the white arrow, I tried to set the course route for the next few days on which the BTC price may move. As you can see, we have two important zones: -the first of them is the support zone which is from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000. - the second is the resistance zone, which we have from $ 24,696 to $ 26,196 breaking out of this zone may result in further increases above $ 30,000
Currently, the price is moving nicely sideways on our channel, going down to the top of the channel, which can be potentially used for short-term licks. It is also worth paying attention to the CHOP indicator, which indicates that energy is slowly running out, and the MACD indicator, which indicates that we have entered a local downward trend. However, please remember that this is not an investment advice.