Binance BTCUSDT 15m Trend Prediction

BTCUSDT on the 15-minute chart repeatedly breaks below the middle band of the Bollinger Bands and tests the lower band downward, indicating a clear short-term bearish trend. The Bollinger Band width is 0.03647 with signs of divergence, suggesting increased volatility and that the downward move has not yet fully run its course. All RSI periods are significantly oversold, but the rebound momentum has yet to appear, increasing the probability of further short-term downward continuation. The MACD is in negative territory with expanding divergence, representing sustained bearish momentum; short-term signals all point to further decline. The moving average system exhibits a typical bearish alignment, with no bullish crossover across different periods; resistance during rebounds is heavy, and downward pressure in the short term is significant. Although large institutional traders hold more long positions, the market-wide long-to-short ratio and the number of large account positions are still skewed towards the short side, indicating that retail traders and most large traders continue to favor bearish outlooks, corroborating the bearish market logic. Current support at S1 is at 119,820. If this level is broken, further declines may occur. It is recommended to monitor the 119,800–120,200 range, which is a potential support zone. A quick rebound from this level may indicate an oversold extreme and a technical rebound, whereas failure to stabilize could signal additional downside momentum. It is advised to favor short positions or observe in the short term, avoiding rushing to bottom fish. Wait for oversold reversal signals and confirmation of price stabilization above support before attempting long positions. Aggressive traders may consider short positions around the 120,000 level, with a stop-loss suggested above 122,000 (near the MA20), and target levels of 119,800–120,200; also, strictly control position sizes and watch for sudden market sentiment shifts that could cause pullbacks.