Binance BTCUSDT 15m Trend Prediction

BTCUSDT within the 15-minute candlestick cycle, had its volatility fully released yesterday. Currently, the price has entered the previous support zone. Technical indicators show an overall weak trend, especially with the MACD death cross and the highly bearish KDJ indicators, indicating short-term bearish momentum is strong, and no effective signs of stabilization have appeared. Both the lower Bollinger Band and the percent_b value are relatively low, indicating the price is at the lower edge of the Bollinger Bands, facing short-term resistance, and has not rebounded to the midline. There is potential for further decline, and a breakdown of support levels should be watched carefully. Although the RSI has entered oversold territory, no reversal signals have emerged. Combined with the oversold condition of the KDJ indicator without a clear turning point, there is still room for the inertia-driven decline. Support levels below may be in the 117,250 to 117,650 range (corresponding to S1-S3 support levels concentrated). Large institutional positions are somewhat bullish, possibly anticipating a rebound; however, the market’s active buy-sell ratio and number of accounts are still bearish. Short-term panic or follow-the-trend sentiment has not fully eased, limiting rebound strength. There has been no significant increase in trading volume, reflecting a lack of strong bullish momentum, thus the market’s downward movement remains sustainable. It is recommended to focus on the support range of 117,250 to 117,650 in the short term. If the price breaks below the S3 support, further downside risk should be monitored. If this level stabilizes, a short-term rebound may be expected. Do not blindly front-run the bottom; it is advised to wait for clear signs of stabilization before adopting a wait-and-see approach. Capital preservation remains the priority, and current conditions do not favor an aggressive longs stance; cautious traders might follow the trend with small shorts, strictly setting stop-losses above 118,000.