Binance BTCUSDT 10m Trend Prediction

Combining the candlestick chart, it is evident that today's price has experienced a sharp decline, with short-term rebounds lacking momentum. In the final stage, rapid increase in trading volume accompanied the drop, indicating a典型恐慌性抛售局面 (typical panic selling situation). The moving average system is fully in a bearish arrangement, and the short-term technical outlook has deteriorated. Operating near the lower Bollinger Band, although in the oversold zone, strong downward moves usually do not reverse quickly, and rebound strength remains weak, with some potential to test lower support levels. The MACD negative value is expanding, and the intraday chart shows no clear bottom signals. The extremely low RSI reflects an ultra-oversold condition in the short term, but market participants are not actively bottom-fishing. The oversold declines are likely to continue towards the next technical support area. Analyzing support and resistance zones, currently only resistance levels are identified (R1 93150, R2 92760, R3 92348), with no effective support levels indicated, leaving downside space open. The next support zone is expected near the lower Bollinger Band and price range of approximately 87,300 to 87,900. In the short term, the trend remains weak, with a higher probability of further decline within the 10-minute cycle. If it falls into the target range, watch for rebound signals, but it is not recommended to bottom-fish prematurely. Wait for clear bottom formation or volume confirmation. While large funds holding positions suggest confidence in the long-term, the short cycle is still dominated by bears. Be cautious of the risk of short covering due to market imbalance between longs and shorts. Risk warning: If a massive reversal bullish candle appears with RSI rapidly recovering, short-term stabilization could be considered an opportunity for a light rebound position, following the prevailing bearish strategy. Be sure to set stop-loss orders below the target range to prevent a secondary fall through support.