Binance BTCUSDT 15m Trend Prediction

From the candlestick chart, it is clearly observed that BTCUSDT, after experiencing a significant upward movement earlier, has recently shown a noticeable pullback trend. The price has continuously fallen from a high point around 111,000 down to the current level of 107,852. Technical indicators have all shifted to bearish: all RSI series indicators are in oversold territory, with RSI14 only at 22.7969, indicating severe selling pressure. Although there is a minor golden cross in MACD, it remains overall negative, suggesting strong bearish momentum. Trend indicators such as DMI clearly show that the bears are dominant, with dmi_minus reaching 27.4008 compared to dmi_plus at only 11.368. Coupled with a high ADX value of 56.4589, this confirms the strength and persistence of the current downward trend. Moving averages indicate that the price has broken below the MA20, currently hovering near MA5 and MA10. The Bollinger Bands show the price below the middle band, with a percent_b of 0.316718, signaling further downward space. In terms of market sentiment, although the large traders’ long/short position ratio of 0.9703 is close to balanced, the active buy/sell ratio of 1.0183 shows that buying power is insufficient to reverse the downward trend. The 24-hour amplitude of -3.018% also reflects current weakness. Support and resistance analysis indicates that the first support level S1 is at 107,377.2, and the second support level S2 is at 106,410.8. Given the current downward momentum, the price is likely to test these support levels. In the short term, it is expected that the price will continue to decline toward the 106,800-107,400 range, close to the S1 support and the lower Bollinger Band. If this support is effectively broken, the price may further decline toward the S2 support at around 106,410. Trading suggestion: It is not advisable to attempt bottom-fishing at this stage. It is recommended to wait until the price reaches key support levels and shows clear signs of reversal before considering entry. A stop-loss can be set around 106,200, with take-profit targets around the rebound zone of 108,000-108,500.