Hello everyone, let’s take a look at the BTC to USDT chart on a 1 day time frame. As you can see, after determining the local uptrend line, ignoring the downward peaks, the price moves above the blue line.

Let’s start with the designation of the support line and as you can see the first support in the near future is $ 38,752, if the support breaks down, the next one is $ 36,160 and $ 32,874.

Now let’s move from the resistance line, as you can see the first resistance is $ 41,317, if you can break it the next resistance will be $ 43,626 another $ 43,721 and another $ 44,763.

Looking at the CHOP indicator , we can see that in the 1-day interval the energy has been depleted and is slowly starting to bounce back.