Binance BTCUSDT 1d Trend Prediction

From the candlestick chart perspective, BTCUSDT experienced a strong rally followed by high-level consolidation and adjustment, with price retracements to moving averages being absorbed by the main force, indicating that the primary upward trend has not yet ended. The upper band of the Bollinger Bands and the MA50 form an upward channel, and the price has broken away from the long-term support of MA200. Although short-term indicators show overbought pressure, the bullish momentum remains strong, and capital continues to support pushing the market higher. MACD shows a golden cross, with DIFF and DEA both rising, indicating the bullish trend persists, supported by institutional accounts and increasing long positions, which favor further upward movement. Some short-term indicators such as RSI6 and KDJ J are at very high levels, signaling the need to watch for technical pullbacks. However, due to robust capital support, the correction is limited, and after sideways digestion, a new high is likely to be tested. Immediate resistance levels are around 115,138.33 (Bollinger upper band) and 123,300.0 (R1). The price is expected to attempt to break through the 116,800-120,000 range, and after upward movement, attention should be paid to potential resistance near R1. Risk management suggests short-term caution against retracement, with stop-loss orders below 114,000. Should the market form a large-volume bearish candle and break below this level, a retreat to the MA50/MA20 levels is probable. Conversely, if the bullish momentum persists, a breakout may occur, setting new phase highs. The investment recommendation is to follow the trend for long positions, managing position sizes prudently. In case of short-term corrections, consider incrementally adding positions near the MA10-20 averages and around 115,000; take profit targets aim for the 120,000 zone.