Binance BTCUSDT 15m Trend Prediction

Currently, the BTCUSDT 15-minute candlestick chart shows a sharp surge followed by a rapid retracement. The current price is near the middle band of the Bollinger Bands. The Bollinger Band width is expanding but not to an extreme level. Market volatility has increased, but there are no signs of a unilateral breakout. Although the MACD histogram has turned positive, the dif and dea lines are still negative, indicating that the current rebound is a weak correction. More trading volume and capital input are needed to confirm an upward trend. Considering RSI and KDJ together, the short term is approaching high levels, suggesting a higher probability of a pullback and a low likelihood of a single-sided ascent. Despite data from long and short positions and major accounts showing a clear bullish sentiment, the number of large accounts is significantly greater than that of short positions, and the main capital does not chase the rally, indicating that funds prefer range-bound fluctuations rather than strong upward pushes. Trading volume has increased significantly after a rapid decline, suggesting potential continued contest in the short term, but no breakout pattern has formed yet. Support and resistance zones are relatively clear; the short-term price is expected to fluctuate between 106,800 and 108,500. It is recommended that short-term traders buy on dips and take profits on rallies, avoiding chasing highs and selling lows. If the price stabilizes above 106,950, they can take light long positions, with take-profit at 108,500; if it breaks below 106,800, stop-loss is necessary. The overall approach should focus on range-bound oscillation, waiting for a breakout signal to follow the main trend.