Binance BTCUSDT 15m Trend Prediction

BTCUSDT current price is approaching the lower Bollinger Band, and the bandwidth is narrow, indicating a short-term vulnerable support zone with a higher probability of further decline; The MACD indicator is extremely bearish, with a significant divergence between DIF and DEA, and no clear evidence of a bottom divergence, suggesting the downtrend is not over, and there remains short-term selling pressure; The RSI across all periods hovers around the 30 level, nearing oversold conditions, but short-term stabilization signals are insufficient, and further testing of lower support regions cannot be ruled out; Although the J value of the KDJ indicator has slightly rebounded, the overall is still in a low consolidation zone, with weak rebound momentum, requiring further observation to confirm a bullish reversal; From the capital perspective, large traders' long-short positions remain at high levels, but account distribution is balanced. Major players are engaged in intense battles with inconsistent directions, while retail traders exhibit low confidence, with active buying continuously limited; Intraday trading volume is in a moderate increasing phase without significant bullish volume surges, indicating that main funds are inclined to stay on the sidelines or shift positions to hedge risks; Support levels are noted at 117,250 and 117,110. A breakdown below these levels would likely enter a new low-range bottoming zone. Resistance is at 117,800, with high probability of facing resistance during a short-term rebound; In summary, within the 15-minute timeframe, BTCUSDT has a high probability of continuing a weak oscillation downward. Operations should avoid chasing shorts on breakouts. If it falls to the 117,250-117,110 range, it is advisable to pause adding positions, and patiently wait for a new bullish signal.