Binance BTCUSDT 1d Trend Prediction

From the technical indicators, BTCUSDT has recently shown a clear downward trend. The MACD continues to decline with increasing green bars, indicating that the bear pressure remains intensifying. The RSI indicator is at low levels with limited rebound strength, demonstrating that the market has not entered an oversold condition, thus reducing the likelihood of a reversal. The lower band of the Bollinger Bands provides ongoing strong support for the decline, suggesting that in the absence of significant rebound signals, the price is likely to continue falling along the lower band. Market sentiment is distinctly bearish, with the number of large accounts and the long-short positions ratio both indicating that the current capital flow favors a bearish strategy. Asset prices are experiencing high amplitude fluctuations; caution is advised as breaking below current support areas could lead to further downward movement. If the market trend breaches S1 (83700), the target is set for the support level at around 74457. Breaking further downward could lead to declines into even lower support ranges.