Hello everyone, let’s take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving in the channel marked with blue lines, it is worth noting that we are approaching to leave this channel.

As you can see, the first resistance is $ 29,872, if you can break it, the next resistance will be $ 31,830 and $ 33,415.

Now let’s move on to the designation of the support line and as you can see the first support where the price is currently at is $ 29,095, if the support breaks down, the next is $ 28,505 and $ 27,759 and $ 26,715.

Looking at the CHOP indicator , we can see that in the 1 hour interval the energy begins to rise, we see that the price moves sideways, therefore leaving the triangle may decide the price direction.