Binance BTCUSDT 10m Trend Prediction

BTCUSDT in the 10-minute chart timeframe briefly surged to the upper Bollinger Band, operating within a historic extreme value range. Combined with multiple overbought indicators such as RSI and KDJ, it is expected that the short-term momentum will weaken after a strong move and fails to break through significantly, indicating a need for consolidation at high levels. MACD and moving averages exhibit a bullish alignment, suggesting that the medium-term trend remains upward. However, the short-term momentum is already visibly overextended and requires a correction to replenish and digest profit-taking. Large traders maintain active long positions, indicating that main forces are bullish. However, retail accounts show significant disagreement, reflecting market indecision ready to be unleashed but with short-term buying momentum possibly reaching a bottleneck. Currently, there is no increase in trading volume, indicating no new funds driving further upward movement. Caution is advised as funds at high levels may exit the market. Support is around 121,950, resistance near 122,300. It is expected that the market will maintain a slight oscillation at high levels over the next 10 minutes, mainly to repair short-term indicators. If a breakout occurs suddenly, focus on whether the support at 121,950 and the resistance at 122,300 are broken. It is recommended to adopt a wait-and-see approach in the short term. Buying or shorting at high levels is not considered an ideal strategy. If the price pulls back to the MA10 and the middle band of the Bollinger Bands, consider low-volume entry; at high levels, consider partial profit-taking. Risk reminder: If the short-term price drops below the support at 121,950, caution is needed for a potential decline. If a strong breakout above 122,300 occurs, attention should be paid to the next resistance zone above 123,000. Overall, it is advisable to wait for confirmation in the short term and avoid heavy positions chasing the rally.