Bitcoin analysis strategies and ideas
2024-11-07

The price is moving in a descending channel on the 30-minute frame and sticking to it well

We have a bounce from the lower limit of the descending channel, this support is at 74260

We have a downtrend, the RSI indicator is about to break, which supports the rise

We have a trend to stabilize above the moving average 100

Entry price 74854
First target 75485
Second target 76545
Third target 77746