BTC/USDT Trade Plan (1H Timeframe)

$BTC ‌#BTCProbes60KKeySupportLevel
Market Overview
Current Price: 59,956 USDT
Trend: Short-term bearish after rejection from 60,940.
MACD: Bearish crossover with weakening momentum.
RSI: Around 30–40, suggesting selling pressure is easing, but buyers have not yet regained control.
Bollinger Bands: Price is testing the lower band, where a technical bounce may occur.
📈 Bullish Setup
Entry Zone: 59,850–60,000 USDT (only if support holds)
Take Profit:
TP1: 60,350 USDT
TP2: 60,800 USDT
TP3: 61,200 USDT
Stop Loss: 59,600 USDT
📉 Bearish Setup
If BTC closes below 59,850 USDT on the 1H chart:
Target 1: 59,550 USDT
Target 2: 59,200 USDT
Target 3: 58,800 USDT
Key Levels
Support: 59,850 → 59,550 → 59,200
Resistance: 60,350 → 60,800 → 61,200
Trading Strategy
Wait for a confirmed 1-hour candle before entering.
Long: Only if BTC reclaims 60,350 with strong buying volume.
Short: Consider only after a confirmed break below 59,850.
Keep risk limited to 1–2% of your trading capital and avoid using excessive leverage.
Overall Bias
Neutral to slightly bearish. BTC remains under short-term selling pressure, but the RSI near oversold territory increases the chance of a relief bounce. Watch 59,850 closely—holding this level favors a rebound, while losing it could extend the decline toward 59,200–58,800.