This chart shows the price action of Bitcoin/TetherUS (BTC/USDT) on a daily time frame (1D). The chart contains the following key elements:
1. **Price Levels:**
- **92,657.39**: Current price.
- **99,219.09**: Near-term resistance level.
- **92,505.67**, **90,716.23**, and **87,252.10**: Support levels.
2. **Trend Line:**
- The chart shows an upward trend (green candles), but the price has subsequently turned down.
3. **Scenario Forecast:**
- The white line on the chart depicts the likely price action. According to it:
- The price may decline to the support level (around 87,252.10 USD).
- After this level, a strong reversal and growth towards 124,000 USD is forecast.
4. **Major zones:**
- The resistance zone is marked above with a gray shadow. This area caused a stable stop in the previous price movement.
This chart is used for technical analysis and shows possible price movements. It is advisable to analyze it together with other indicators before making a decision on the forecast.
