BTC has exhausted its energy in the 1D interval
Hello everyone, let's take a look at the BTC to USDT chart over the 1 day timeframe. As you can see, the price is moving in an 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 $ 38,809, if the support breaks down, the next one is $ 36,107 and another one at $ 32,825.
Now let's move from the resistance line as you can see the first resistance is $ 41,221, if you can break it the next resistance will be $ 46,625 and $ 50,871.
Looking at the CHOP indicator, we can see that in the 1-day period most of the energy has been depleted, we should not see much movement the next day.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38,809, if the support breaks down, the next one is $ 36,107 and another one at $ 32,825.
Now let's move from the resistance line as you can see the first resistance is $ 41,221, if you can break it the next resistance will be $ 46,625 and $ 50,871.
Looking at the CHOP indicator, we can see that in the 1-day period most of the energy has been depleted, we should not see much movement the next day.