BTC/USDT Trade Plan.

$BTC ‌
Current Price: $60,632.79 (-3.08%)
Market Context
The chart shows a clear downtrend on the 1H timeframe. Price has been making lower highs and lower lows, currently trading near the Bollinger Band lower band (DN: 59,822.89), suggesting oversold conditions short-term.
Bollinger Bands:
Upper: 61,972.96
Mid: 60,897.92
Lower: 59,822.89
Trade Scenarios
🔴 SHORT (Bearish — trend continuation)

Entry
Retest of MB ~60,897 – 61,000
Stop Loss
Above UP band ~62,100
Target 1
59,995
Target 2
59,130 (24h Low)
R:R
~1:2
🟢 LONG (Contrarian — mean reversion)

Entry
Bounce confirmation near 59,822–59,130
Stop Loss
Below 58,900
Target 1
MB ~60,897
Target 2
61,972 (UP band)
R:R
~1:2
Bias
Bearish — trend is down, moving averages are sloping lower, and volume shows selling pressure. Prefer the short on retest unless there's a clear bullish reversal candle at support.
⚠️ This is not financial advice. Always manage risk and use proper position sizing.