Bitcoin / Tether

Daily BTC 1DChart - resistance and support

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Hello everyone, let's look at the BTC to USDT chart in one day time frame. As you can see, the price is moving below the local downtrend line.

Let's start with the support line and as you can see the first support in the near future is $ 28478, if the support is broken then the next support is $ 28007 and $ 27518.

Now let's move on to the resistance line, as you can see the first resistance is $ 29176, if you manage to break it, the next resistance will be $ 29540, $ 30059 and $ 30715.

Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of returning to an uptrend, while the RSI is in the middle of the range, which makes it difficult to determine the direction of the move.

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