Hello everyone, let's take a look at the BTC to USDT chart over the 1 day timeframe. 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 $ 44,617, if the support breaks down, the next one is $ 42,360 and $ 40,507.
Now let's move on from the resistance line as you can see the first resistance is $ 46713, if you can break it the next resistance will be $ 50904 and $ 55176.
Looking at the CHOP indicator, we can see that the energy has been used up in the 1-day interval and is only just starting to slowly increase.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 44,617, if the support breaks down, the next one is $ 42,360 and $ 40,507.
Now let's move on from the resistance line as you can see the first resistance is $ 46713, if you can break it the next resistance will be $ 50904 and $ 55176.
Looking at the CHOP indicator, we can see that the energy has been used up in the 1-day interval and is only just starting to slowly increase.