#BTC/USDT bounce from Support, Bullish Momentum Intact

#BTC

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.

There is a major support area in green at 120,500, which represents a strong support point.

We are heading for consolidation above the 100 moving average.

Entry price: 121,666.
First target: 122,600.
Second target: 123,770.
Third target: 125,480.

Don't forget a simple matter: capital management.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.