Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is in the downtrend.
Let's start with the designation of the support line and as you can see the price is currently in the fundamental support zone from $ 31,251 to $ 28,798. The first support in the near future is $ 28,546, if the support breaks down, the next ones are $ 27,702 and $ 26,700.
Now let's move from the resistance line as you can see the first resistance is $ 31,765, if you can break it the next resistance will be $ 34,931 and $ 37,463.
Looking at the CHOP indicator, we can see that the energy has been depleted on the 1-day interval, while the MACD indicator shows that the blue line has turned back and crosses the red line from the bottom, which may confirm an uptrend.
Let's start with the designation of the support line and as you can see the price is currently in the fundamental support zone from $ 31,251 to $ 28,798. The first support in the near future is $ 28,546, if the support breaks down, the next ones are $ 27,702 and $ 26,700.
Now let's move from the resistance line as you can see the first resistance is $ 31,765, if you can break it the next resistance will be $ 34,931 and $ 37,463.
Looking at the CHOP indicator, we can see that the energy has been depleted on the 1-day interval, while the MACD indicator shows that the blue line has turned back and crosses the red line from the bottom, which may confirm an uptrend.
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