Bitcoin / Tether

BTC/USDT 1H Targets and Stop-loss

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Hello everyone, let's look at the 1H BTC to USDT chart as we can see that the price is moving below the local downtrend line.

Let's start by setting goals for the near future that we can include:
T1 = $69,694
T2 = $69,974
AND
T3 = $70,333

Now let's move on to the stop-loss in case of further market declines:
SL1 = $69,278
SL2 = $69,014
AND
SL3 = $68,554

Looking at the RSI indicator and the STOCH indicator, it is clear that there is still room for a continuation of the recovery.

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