Binance BTCUSDT 1d Trend Prediction

Currently, BTCUSDT is in a retracement trend from a previous high. The daily candlestick pattern indicates that after a continuous rise, a clear bearish divergence and pullback have recently appeared. The MACD daily chart shows a dead cross with increasing volume, suggesting that short-term bearish momentum is dominant. This indicates potential further retracement pressure in the next cycle. The price has broken below the MA5 and MA10, with some moving averages trending downward, reflecting short-term technical weakness. The Bollinger Bands show the price is near the middle to lower band. Combined with volatility data, its correction space has not yet been fully exhausted. Intraday, it may test the support line below the range (anticipated around 110,000). If market sentiment further weakens, there is even a chance to fall into the S1 support zone at 107,211.5. However, current trading volume and the ratio of active buying and selling are close to 1, indicating that the decline may be cushioned to some extent. Numerous cyclical RSI indicators are within the low range, with bearish momentum clearly predominant. The KDJ indicator is also in a weak zone. Although the holdings of large accounts and the number of accounts still show a bullish preference, discrepancies exist between active buying and selling ratios and funding rate data, increasing the likelihood of short-term consolidations and trapped positions. The DMI and ADX indicators confirm that the current market is in a strong trend, dominated by bears, with an overall expectation of continued retracement pressure over the next day. The low point target range is 110,000-112,500. If the market does not breach 110,000 on subsequent declines, it may gradually stabilize with oscillations. Continued short-term downward movement should monitor the S1 support at 107,211.5; a breakdown here would require reassessment of lower targets. Traders on shorter cycles can watch for a stabilization signal near 112,500. If there is no volume-supported rebound, caution should be exercised against chasing longs. After a correction, look for signals of stabilization. If an extreme decline breaks below 107,200, the retracement scope will further expand.