Daily BTC 1DChart - resistance and support
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First of all, we will use the yellow line to mark the downtrend line, which the price has overcome upwards.
Now we can move on to marking the places of support in the event of a correction. And here it is worth first to mark the first support at $25965, then we have the second support at $23905, the third support at $22459, and then the fourth support at $20768.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we will mark a very strong resistance at $28,794, from which the price bounced several times, but when it comes out higher, we have another very strong resistance at $32,422.
As we can see the EMA Cross 10 and 30 indicate an ongoing uptrend.
Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates entering a local downtrend, while the RSI is in the process of a slight rebound, but there is still room for a deeper correction.
Now we can move on to marking the places of support in the event of a correction. And here it is worth first to mark the first support at $25965, then we have the second support at $23905, the third support at $22459, and then the fourth support at $20768.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we will mark a very strong resistance at $28,794, from which the price bounced several times, but when it comes out higher, we have another very strong resistance at $32,422.
As we can see the EMA Cross 10 and 30 indicate an ongoing uptrend.
Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates entering a local downtrend, while the RSI is in the process of a slight rebound, but there is still room for a deeper correction.