Binance BTCUSDT 1d Trend Prediction

From the daily chart of BTCUSDT, the recent price is in a high-level pullback channel, the Bollinger Band percent_b is only 0.20, indicating that the current price is in the lower zone of the range, with a trend inclined towards weak oscillation downward. The MACD indicator has deepened its overall negative value, and there is no significant divergence; bullish signals have not yet appeared. It is forecasted that the short-term trend will still favor bears predominantly. Based on RSI and KDJ performance, multiple cycles are severely oversold. Although intra-day rebounds may occur in the short term, technically an effective bottom has not yet been established. Caution is advised against bottom-fishing. Trading volume remains stable, but active buying strength has weakened (buy-sell ratio < 1), indicating decreasing capital willingness to chase prices, with signs of short-term capital observing or realizing profits. Though the multi-long account and position ratios appear bullish, they are most likely high-level floating gains or passive holdings; genuine buying pressure has not continued to flow in, warranting vigilance against concentrated profit-taking or long short squeezing. The support level S1 (98,115.4) is relatively far from the current price. Once it breaks below 112,000, it will quickly test 110,000 and 109,700; if these levels are breached again, further bottoming cannot be ruled out. In the short term, weak oscillation downward is expected, testing whether the support around 109,700 can halt the decline. If no significant volume is seen on the takedown, further testing of support may occur. Operationally, it is recommended to primarily hold a flat position and wait for the market to stabilize. If the 109,700-110,000 zone effectively halts declines and rebounds with volume, consider staged short-term long positions for a rebound; otherwise, continue to observe with caution.