Binance BTCUSDT 1d Trend Prediction

BTCUSDT has been continuously declining from recent highs. The current candlestick chart shows that bearish candles have dominated over the past few weeks. Trading volume has not significantly increased, indicating no clear market absorption or reversal signals. From the moving average system perspective, the MA5 and MA10 prices are already below the MA20, suggesting that short-term support may still need to be sought below. The long-term resistance remains above 100,000. The Bollinger Bands indicate that the price is near the lower band, reflecting weakness and limited short-term rebound momentum. Although the MACD indicator shows a narrowing gap, it remains in negative territory, and momentum has not improved significantly, suggesting that the short-term reversal is not imminent. The RSI across multiple timeframes remains between 40 and 55, indicating weak rebound energy and that bears are currently in control. Both DMI and ADX point towards a continued decline. With ADX above 40, this signals a strong trend. Caution is advised for potential rapid declines within a single day or short-term trading. Slightly elevated volatility and ATR imply that the short-term downward fluctuation range may expand. Active buying and selling are balanced, but institutional investors tend to be more bullish. Combined with changes in account structure, there may be a scenario where large investors gradually reduce holdings at high levels to attract retail investors, increasing the risk of chasing gains. Caution is advised against buying at the top. Overall assessment suggests focusing on short-term targets at S1 (86,000) and the lower Bollinger Band around 83,000. If trading volume accelerates and breaks below S1, additional downside risk should be anticipated. Resistance levels are at MA20 and the psychological level of 90,000. Trading advice: Avoid blindly buying the dip. If the price drops below 86,000, it is recommended to stay on the sidelines and wait for oversold signals before entering. Aggressive traders may consider short-term rebounds within the 86,000-83,000 range, with strict stop-losses below 82,900.