Hello everyone, let's take a look at the Bitcoin (BTC) to USDT chart on a 1 day time frame. As you can see, the price is moving towards the lower end of the uptrend channel.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 19204, if the support breaks, the next support is $ 19002 and $ 18,831.
Now let's move from the resistance line, as you can see, the first resistance is $ 19,437, if you can break it, the next resistance will be $ 19,661 and $ 19,846.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator indicates entering a downward trend.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 19204, if the support breaks, the next support is $ 19002 and $ 18,831.
Now let's move from the resistance line, as you can see, the first resistance is $ 19,437, if you can break it, the next resistance will be $ 19,661 and $ 19,846.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator indicates entering a downward trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.