Binance BTCUSDT 1d Trend Prediction

From a comprehensive technical indicator analysis, BTCUSDT is currently in a clear downward correction phase. The price has broken below multiple key moving average supports, notably with MA10 and MA50 exerting significant resistance. The MACD indicator shows negative values across all lines, with DIF below DEA, indicating that downward momentum persists. Although RSI6 has entered the oversold zone, RSI14 remains in a neutral to weak position, suggesting the correction may not be over yet. The KDJ indicator's J-line has fallen to 10.07, an extreme oversold level, but the K and D lines have not formed a clear bottom divergence signal, implying limited short-term rebound strength. Bollinger Bands analysis indicates that the price is currently in the lower-middle range, with percent_b at only 0.197, highlighting a tendency toward the lower band. Support levels are around 105,455.76. From a long and short position perspective, although the large traders' net long-to-short ratio at 1.85 and the number of accounts at 2.11 suggest a bullish sentiment, the active buy-sell ratio of 0.91 indicates stronger selling pressure currently, with significant capital outflows. Trading volume data shows a 24-hour volume of 100,000 BTC and a turnover of 10.9 billion USDT, which are within normal levels. However, a volatility of -2.84% indicates a generally weak trend for the day. Support and resistance analysis shows that the key support level S1 is at 98,115.4, but more realistic support is in the 104,000-106,000 range, coinciding with the lower Bollinger Band and previous dense trading areas. In summary, within the next 24 hours, BTCUSDT is likely to continue declining towards the 104,000-106,500 range. The suggested approach is to remain cautious, consider accumulating positions in the vicinity of 104,500, and set stop-losses below 103,500.