Binance BTCUSDT 15m Trend Prediction

BTCUSDT exhibits persistent weakness on the 15-minute chart, with candlestick patterns indicating recent sharp declines and sideways consolidation, followed by further downward probing; the overall downward channel remains intact. The Bollinger Bands are widening, with the price near the lower band and BandWidth increasing, indicating that current bearish momentum remains strong; the bandwidth has not yet converged, and there is a lack of signs of bottom stabilization. Regarding moving averages, short- and medium-term mAs are diverging bearish, and the price continues to trade below major averages, limiting rebound strength. The MACD indicator's bearish momentum is strengthening daily without evidence of bullish divergence or reversal signs, favoring short positions over attempting to catch rebounds. RSI across various periods remains subdued; although approaching oversold levels, the downward momentum persists. Historical data shows that BTC under similar structures often experiences another dip before a rebound. From a position and sentiment perspective, the active buy-sell ratio approaches 2, indicating some short-term bottom-fishing activity, but large account short holdings are not low; the long-short position ratio exceeds 1, suggesting some significant funds are attempting to bottom-fish, yet strong bearish offensive pressure prevents significant trend reversal. Support level S1 at 121,005 is likely to be tested or even broken. The short-term target zone is between 120,800 and 121,300. If a volume-supported stabilization occurs, a short-term rebound may be possible, but current signals remain weaker. For aggressive traders, caution is advised when pursuing short positions or upon resistance during price rebounds to 121,500-121,800; risk controls should be placed above the MA10. Should the price break below 120,800, watch out for false breaks leading to new lows.