Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with setting targets for the near future that we can take into account: T1 = 25401$ T2 = 25579$ T3 = 25806$ and T4 = 26469$
Now let's move on to the stop loss in case of further market declines: SL1 = 25107$ SL2 = 24861$ SL3 = 24660$ and SL4 = 24456$
Looking at the CHOP indicator, we see that the energy has been used, the MACD, despite the price increase, remains in a downward trend, while the RSI has a visible rebound, we still have room for the price to overcome the current resistance.
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