BTC Trading Inside Rising Structure | Liquidity Hunt Bitcoin / 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. There is a key support zone in green at 56800. 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: 58800 First Target: 59290 Second Target: 59931 Third Target: 60712 Stop Loss: At the resistance zone in green Remember this simple rule: Money management. Any questions? Please leave a comment. Thank you.