Hello everyone, let's look at the 1H BTC to USDT chart, because we can see how the price has left the local downtrend channel, and it is important that it maintains the current level to continue to grow.
Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target around $72,843 should be taken into account.
Now let's move on to the stop-loss in case of further market declines:
SL1 = $66,326
SL2 = $63,841 - $62,525
AND
SL3 = $58,717
Looking at the RSI indicator, we can see a return to the upper part of the range with room for potential growth, but on the STOCH indicator we are moving above the upper limit, which may affect the attempt to recover.
Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target around $72,843 should be taken into account.
Now let's move on to the stop-loss in case of further market declines:
SL1 = $66,326
SL2 = $63,841 - $62,525
AND
SL3 = $58,717
Looking at the RSI indicator, we can see a return to the upper part of the range with room for potential growth, but on the STOCH indicator we are moving above the upper limit, which may affect the attempt to recover.