Binance BTCUSDT 1d Trend Prediction

From the candlestick trend analysis, BTC has recently experienced a continuous retreat from the mid- to long-term moving average region above, with high-volume declines occurring at high levels. It is currently in a clearly bearish dominant zone, with short-term moving averages arranged in a bearish pattern, weak rebound momentum, and has broken below support levels falling near the lower band of the Bollinger Bands. The MACD indicator's DIF and DEA are both in a relatively large negative zone, and the MACD histogram continues to expand downward, indicating that bearish momentum remains unrelieved and is highly likely to continue downward. Multi-period RSI indicators all dip below 30, suggesting that while there may be a short-term rebound, the downward trend is likely to persist throughout the current cycle. KDJ, moving average system, and Bollinger Bands all show that the price is at a short-term low, and technical rebounds are unlikely to change the overall bearish weak pattern on larger cycles. DMI and ADX indicate a strong trend, dominated by bears; reversal conditions are not yet present. Regarding market sentiment, the ratio of active buying to selling is biased towards the bears; trading volume is high but price oscillation has not significantly expanded, showing that bears are advancing in an orderly fashion. Although the large traders’ long-short ratio is biased towards longs, this may be for accumulating positions at low levels to seek a short-term rebound rather than a trend reversal signal. The support zone between 98,100 and 99,600 is the most likely target range for recent testing; if the bears realize profits, the price may further fall to the S1 support. The operational strategy is mainly to short on rallies, with a stop-loss placed at the upper boundary of the middle band of the Bollinger Bands at 107,950, and a take-profit set at 98,100. If the overall market continues to weaken, one can consider shorting at new lows, but attention should be paid to the risk of a rebound after RSI becomes extremely oversold. Strict position control and stop-loss execution are essential.