Binance BTCUSDT 10m Trend Prediction

BTCUSDT has continued to decline in the recent short-term cycle, with the current price approaching the lower Bollinger Band and lacking effective support, with an amplitude of -1.218, indicating a bearish dominance in the market. Both MACD and various RSI indicators are in extremely weak zones, showing clear technical exhaustion, with limited room for short-term rebounds. Trading volume has not shown significant expansion; there is no active chasing behavior in the short term. Institutional long positions are primarily derived from historical holdings, but the ratio of active buy/sell transactions to large account numbers is close, suggesting insufficient new buying momentum and a potential reduction in positions at any time. If support zone S1 (111,350.1) is broken, the price is highly likely to test S2 (110,821.9). The oscillation range is between 110,800 and 111,350; after breaking downward, further correction is still possible. In the short cycle, there are neither signs of a price bottom nor momentum for a rebound. It is expected that the market will remain weak and adjust in the next 10 minutes. Only if a clear sign of price stabilization appears within the 110,800-111,350 range, can a small long position be considered against the trend. Currently, aggressive bottom fishing is not advisable. In summary, it is recommended to maintain a wait-and-see stance or lightly short in the trend, with strict stop-loss above 111,440, and take-profit targets near 110,800. Any abnormal movements should prompt immediate stop-loss and close attention to real-time order book fluctuations.