Daily review of BTC interval 1D
Hello everyone, let's take a look at the BTCUSDT chart on the 1-day interval, where we can see that the btc price moved for a long time in the uptrend channel marked in yellow, and then entered the local downward trend channel marked in blue.
It is worth starting with determining the support we currently have and we can see that we are currently in the support zone from $ 19,283 to $ 17,664 if the current support zone is broken, the price may go down to support at $ 13,011.
Now let's move on to the resistance bitcoin price has to overcome if it starts to rise. The first resistance is at $ 19,885, then we have a support zone from $ 20,888 to $ 22,043 before us. When we break it, we have another strong resistance zone from $ 22,540 to $ 23,751.
Please pay attention to the Chop indicator, which indicates that we are slowly recovering energy in the 1-day interval, and the MACD indicator, which confirms that we are continuing the local downward trend.
It is worth starting with determining the support we currently have and we can see that we are currently in the support zone from $ 19,283 to $ 17,664 if the current support zone is broken, the price may go down to support at $ 13,011.
Now let's move on to the resistance bitcoin price has to overcome if it starts to rise. The first resistance is at $ 19,885, then we have a support zone from $ 20,888 to $ 22,043 before us. When we break it, we have another strong resistance zone from $ 22,540 to $ 23,751.
Please pay attention to the Chop indicator, which indicates that we are slowly recovering energy in the 1-day interval, and the MACD indicator, which confirms that we are continuing the local downward trend.
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