Let's analyze the D1 BTC/USDT timeframe to come up with a trading plan

✅Technical indicators:

Bollinger Bands (BB):

• Price has bounced down from the upper band of BB and is adjusting.

• The middle band of BB (MB): 89,642.12 USD, acts as support. If the price breaks this level, selling pressure will increase.

RSI (Relative Strength Index):

• RSI(6, 12, 24) fluctuates around 55.87 to 68.07:

• RSI has decreased from the overbought zone (>70), signaling increasing selling pressure.

• If RSI falls below 50, the likelihood of price continuing to adjust is high.

Stochastic RSI:

• Near the oversold zone (17.61), a short-term bounce may occur.

⭕️Relationship between indicators:

• Short-term downtrend (price adjustment) due to selling pressure from the resistance zone.

• Main support: The 89,000 - 90,000 USD zone; if broken, the chance of BTC continuing to drop to 84,000 USD increases.

♻️Trading strategy:

Case 1: BTC holds the support zone (89,000 - 90,000 USD):

• Confirming this support zone may allow for buying with a short-term target of 95,000 - 98,000 USD.

• Stop loss below the 88,500 USD zone.

Case 2: BTC breaks support:

• The downtrend will be stronger, prioritize exiting if you are holding a long position.

• Avoid catching the bottom, wait for new signals from RSI or Stochastic.

Case 3: BTC strongly bounces back:

• If the price exceeds 98,000 USD, the mid-term uptrend will continue, buying orders can be placed when the price retests.

Conclusion:

BTC is currently in a short-term adjustment phase. Observe important support/resistance zones (89,000 - 98,000 USD). Only enter trades when technical signals clearly support the trend.