BTC/USDT 1D chart review
2025-01-08
Category: None

Hello everyone, let's look at the 1D BTC to USDT chart, in this situation we can see how the price is moving in a local downtrend channel where the price bounced from the upper border of the channel and quickly started to recover.
 Let's now start by defining a stop-loss in case of further declines in the market and you can see how the price rebounded from the first support at the level:
  SL1 = $94285
  SL2 = $92209
  SL3 = $89,541
  SL4 = $85,924
 Let's now move on to defining the goals for the near future that the price must face:
  T1 = $97131
  T2 = $100036
  T3 = $103179
  T4 = $105491
  Looking at the RSI indicator, we see that there is still room to continue the recovery, and such a situation could bring the price to around $89,000.