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 40880$, if the support is broken, the next one is 39313$ and 37810$.

Now let’s move on to drawing the resistance line and as you can see the first resistance in the short term is 42255$, which is currently struggling with the price, the next resistance is 43630$, 45389$.

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.