Hello everyone, let’s take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price moves in the channel marked with blue lines.

Let’s start by highlighting the support as you can see, the first support is $ 39,400, if the support is broken, the next one is $ 37,844 and $ 35,696.

Now let’s move on to drawing the resistance line and as you can see the first resistance in the short term is $ 41,446, which is currently struggling with the price, the next resistance is $ 43,390, $ 45,846.

Looking at the CHOP indicator , we can see that we have a lot of energy in the 1-day interval, we can expect dynamic movement on the days.