Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line above which the price is moving.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support on which the price is currently based at $23740, then we have a strong support zone from $23245 to $22841, below we have support at $22199, and then $21337.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we have resistance at $24,049, once it is broken, we have a strong zone from $24,299 to $24,850. When the price moves up out of this zone, it will have strong resistance at $25,255.
Please pay attention to the CHOP index, which indicates that the energy is slowly growing all the time, the MACD indicator shows the upward trend, while the RSI shows a visible rebound, which may give room for new increases.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support on which the price is currently based at $23740, then we have a strong support zone from $23245 to $22841, below we have support at $22199, and then $21337.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we have resistance at $24,049, once it is broken, we have a strong zone from $24,299 to $24,850. When the price moves up out of this zone, it will have strong resistance at $25,255.
Please pay attention to the CHOP index, which indicates that the energy is slowly growing all the time, the MACD indicator shows the upward trend, while the RSI shows a visible rebound, which may give room for new increases.