Binance BTCUSDT 10m Trend Prediction

From the candlestick chart, it can be observed that BTCUSDT experienced an initial period of high-level consolidation, followed by a significant downward trend recently, with prices declining from a high near 111500 to the current level of 107905. Technical indicators show multiple bearish signals: RSI6 has entered the oversold region but has not yet formed a clear divergence bottom; although the MACD's DIF is positive, the difference between DIF and DEA is narrowing, indicating waning upward momentum. The moving average system indicates that the price has broken below MA5 and MA10, although it remains above MA20. However, the short-term moving averages' bearish configuration suggests a confirmed downtrend. The Bollinger Bands show the price moving toward the lower band, with a support level around 107692. Exchange data shows an active buy-sell ratio of 1.26, indicating a slight buy-side advantage, but the large traders' long-short positions ratio of 0.97 is close to equilibrium, suggesting that large funds are not significantly leaning bullish. The market lacks strong buying support. Support and resistance analysis indicates that the key support levels are S1 at 107755 and S2 at 107377. The current price is testing the S1 support. If it breaks below 107755, further downside could target the 107400–107600 range. Volume data shows a 24-hour trading volume of 132,468.28, which is relatively active. However, combined with declining prices, this suggests heavy selling pressure. The funding rate of 0.00002049 is positive but small, indicating moderate long-side funding costs. The ADX indicator at 19.40 indicates moderate trend strength. DMI+ at 23.66 is below DMI- at 25.82, further confirming the current downward trend. The ATR of 163.38 demonstrates moderate volatility, consistent with a normal trending decline. Overall assessment suggests that BTC may continue testing the 107755 support level within the next 10 minutes. If this support breaks effectively, the targeted price range is 107400–107800. Investors should exercise risk management, waiting for oversold rebounds or further confirmation of support.