This chart represents the Bitcoin (BTC) to Tether (USDT) trading pair on a daily (1D) timeframe. Here’s an analysis of the key elements:
1. **Price Movement:**  
   - The current price of BTC is **84,857.17 USDT**, showing a **+4.58% increase**.  
   - There is a **downtrend line** drawn from a previous high, indicating a bearish trend. However, BTC seems to be testing this trendline, which could lead to a breakout or further rejection.
2. **Support & Resistance Levels:**  
   - **Support at 73,699.07 USDT** – If the price drops, this could act as a potential bounce zone.  
   - **Resistance at 86,964.73 USDT** – A breakout above this level might indicate a bullish reversal.  
   - **Major Resistance at 106,288.34 USDT** – A key target if BTC continues to rise.
3. **Relative Strength Index (RSI):**  
   - RSI is currently at **44.97**, with an SMA (Simple Moving Average) of **40.69**.  
   - This indicates that BTC is in a neutral-to-slightly oversold region,