#BTCUSDT — Critical Retest at Demand Zone vs Long-Term DowntBitcoin / TetherUSBINANCE:BTCUSDTCryptoAnalystSignal#BTC The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. A key support zone (in green) has been identified at 59800. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 63100 First Target: 63550 Second Target: 64289 Third Target: 65098 You can close at the second target or wait for the third target to be reached. The choice is yours. Stop Loss: At the resistance zone (in green). Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.