Binance BTCUSDT 15m Trend Prediction

BTCUSDT demonstrated sideways movement after a small intraday rally, repeatedly testing resistance near its upper Bollinger Band but failing to break out. MACD's weak positive histogram and near-zero slope reflect neutral momentum; lack of a definitive bullish or bearish crossover supports the range-bound structure. Short-term RSI above 60 previously flagged mild overextension, which resolved into gradual mean reversion without decisive selling. The RSI sliding back toward equilibrium (RSI24 at 49.7) implies lack of upward energy. Whale (top positions) long/short ratios show large actors retaining bullish postures, but a crowded short bias among retail (accounts ratio <1) tempers the upside. Support at 117250–117050 holds firm, aligning with both lower Bollinger and recent reaction lows. Resistance at 119470–120300 remains unbroken, as volume and momentum fade near these zones. Volume remains healthy but has not spiked in correlation with attempts to break the upper resistance, further corroborating the deadlock. Strategy: Aggressive entries in either direction are not recommended until a clear breakout from 117250 (bearish) or 119470 (bullish) occurs. Range traders could consider mean-reverting between band edges, with stops outside 117000 and 120400. Risk management/trigger: Downside breach of 117250 signals potential trend reversal; upside break above 119470-120300 identifies a bullish impulse. Until then, maintain capital preservation bias with partial positions or hedged exposure.