BTC returns to the support zone after a strong correction
Bitcoin / TetherUS BINANCE:BTCUSDT
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 has dropped and remains just below the uptrend.
Let’s start with the designation of the support line and as you can see the first is a fundamental support zone from $ 31,251 to $ 28,798, if the support breaks down, the next is $ 25,674.
Now let’s move from the resistance line as you can see the first resistance is $ 31,858, if you can break it the next resistance will be $ 34,892 and $ 37,459.
Looking at the CHOP indicator , we can see that the energy has been used in the 1-day interval, while the MACD indicator shows a downward trend.
