Binance BTCUSDT 15m Trend Prediction

BTCUSDT has entered a corrective phase after fast rejection from resistance at 120300 and subsequent sharp slide towards 116200 cluster. Though volume remains stable, no recovery was confirmed on test of lower support bands. Each attempt to reclaim the 117000s met swift selling pressure. Technical indicators display a classic exhaustion: the extremely high short-term RSI readings (RSI6 >92) followed by stalling MACD upside signal a likely transition from bull to either range or further weakness, confirmed by falling price peaks and close proximity to lower Bollinger Band. Despite large holders still holding relatively more longs (position ratio), aggregate market participation and buy/sell ratios show neutral stance. This typically precedes further drop if support breaks, given that the mean reversion on high RSI will pull short timeframe prices down. KDJ reading with J>114, above K&D, indicates instability and increasing probability of downward correction. Support zone is repeatedly tested. ADX remains weak, indicating trend exhaustion, not momentum build. Strategy: Avoid chasing longs at current levels. Short-term traders should consider entering shorts on rallies toward 116800–117000 with targets at key support near 115000–115400 (Bollinger lower band/S2). Risk: If price regains and holds above 117200 with strong volume, invalidate this view – but current internals favor momentum continuation to the downside. Stop-loss recommended above 117300; sized for <2% risk. Conclusion: Downward move likely to continue for next 15m cycle, targeting retracement to 115000–115400 before potential attempt at range stabilization or next breakdown.