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 moving above the local uptrend line marked in blue.

Let’s start with the line to the support line and as you can see the first support is $ 44,406, the next $ 42,165, $ 40 ,388.

Now let’s move on to the resistance line, as you can see, the first resistance is $ 50,974, the next resistance will be around $ 55,224 at the so-called 0.618 Fib retracement gold point and another at $ 61,328.

Looking at the CHOP indicator , we can see that the energy has been used in the one-day interval, while in the weekly interval we still have a lot of energy.