Hello everyone, let’s take a look at the BTC to USDT chart over a 1 day timeframe on 09.09.2022. As you can see, the price has risen above the local downtrend line and has rebounded nicely from the recent declines.
Let’s start by marking the resistance line, as you can see, the first resistance is $ 21,501, if you can break it, the next resistance will be $ 22,638 and $ 23,366.
Now let’s move on to the designation of the support line and as you can see the first support in the near future is $ 20,590, if the support breaks down, the next support is $ 20078 and $ 19,670.
Looking at the CHOP indicator, we can see that on the 1-day interval, the energy begins to slowly increase, and the MACD indicator shows that we have changed the downward trend into an upward trend.
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