Binance BTCUSDT 1d Trend Prediction

The current BTCUSDT price has broken below all major moving average supports, with MA5, MA10, MA20, and MA50 clearly acting as resistance above, indicating a short- to mid-term downtrend channel. The MACD indicator shows persistent bearish momentum without convergence, signaling no clear short-term reversal signals. Both RSI and KDJ across various timeframes are at historically low levels. Although a technical short-term rebound is expected, the overall rebound space is limited. Without strong volume-backed reversal, the trend remains biased toward further decline. The lower Bollinger Band has approached the current price, and with a bandwidth of up to 0.21, volatility is expanding, increasing the likelihood of rapid downward movements or shakeout phases. Support and resistance zones: in the short term, expect downward movement toward S1 (98115.4). The first resistance above is near the MA5/MA10 lines (approximately 107900-110500). The predicted overall trading range for the day is 103700-106000. If support is broken in the short term, an acceleration toward S1 is possible. Funding rates remain negative, indicating that the market mainstream long positions are under pressure, and short-term sentiment remains cautious. Combining candlestick structures, although longs show some rebound intent as institutional long-short positions have slightly increased, the overall trend has yet to form a clear bottom pattern. It is not advisable to blindly bottom fish in the current zone. Trading suggestion: Currently focus on shorting on rebounds, especially if the price faces resistance near the MA5 to MA10 zones. Consider light short positions when encountering resistance. The strong support is around 103700, with stops recommended near the upper 10-day MA or the middle Bollinger Band at approximately 110000. Overall, the short-term trend for BTCUSDT is biased downward. Patience is advised, waiting for bearish momentum to weaken before considering long entries on the right side for a rebound.