Binance BTCUSDT 15m Trend Prediction

From the candlestick chart, it is evident that BTCUSDT is in a pronounced downtrend, with the price dropping from a high point of over 106,000 to the current level of 97,291, representing a decline of more than 8%. Comprehensive analysis of technical indicators indicates that bearish momentum remains dominant. In the DMI indicator, DI- reaches 28.88, far exceeding DI+'s 8.11, combined with an ADX of 50.40, indicating the downtrend is still strong and vigorous. Although the RSI indicator shows a short-term oversold condition, in a strong downward trend, oversold conditions can persist for an extended period. The MACD histogram has turned positive, but DIF and DEA remain in negative territory, so the bearish pattern has not changed. The moving average system shows a clear bearish arrangement, with the price below all major moving averages. MA5, MA10, and MA20 are all sloping downward, forming strong resistance. Regarding Bollinger Bands, the current price approaches the mid-band, but the bandwidth of 0.023047 is relatively narrow, indicating convergence of volatility and the possibility of a new downward movement. Funding data shows that large account holdings have a long-short ratio of 2.2326 and the number of accounts is 3.5620, both leaning towards long, but the active buy-sell ratio of 0.8658 reflects that actual trading indicates greater selling pressure. Volume analysis reveals that recent declines are accompanied by increased volume, suggesting genuine selling pressure. The 24-hour amplitude of -6.020% indicates a bearish market sentiment. It is expected that the price will continue to fall back toward the lower Bollinger Band near 96,292.84, with a target range of 96,500-97,000. A fall below the lower band could further test the 95,000-96,000 region. Trading advice: Currently, it is not advisable to bottom fish; wait for the price to stabilize before considering buying on dips. A stop-loss is suggested above 97,800, with profit targets around 96,500.