Binance BTCUSDT 1d Trend Prediction

The market trend indicates a short-term strong rebound for BTCUSDT, but the price has already broken above the upper band of the Bollinger Bands. The overbought signals from RSI, KDJ, and other indicators are evident. In the short term, the market is expected to undergo correction or oscillate at high levels. Caution is advised when chasing long positions. Although the overall long-short data favors the bulls, with major funds inclined towards bullish positions, the price remains at the upper boundary of previous consolidation, and trading volume has not significantly increased. This suggests limited bullish momentum continuation and warrants vigilance for potential profit-taking or retracement. Despite the MACD showing a red histogram, the core line remains below the zero axis. The rebound is short-lived, and the medium-term weak trend has not been fully reversed. Combined with other indicators, this indicates limited upward space. Support levels to watch are the midline of the Bollinger Bands and S1. The upper limit of the oscillation range is near 91,000, representing the recent rebound peak within 60 days. The lower boundary is around 87,500; a break below this level could probe down to approximately 86,000. In the short cycle, it is recommended to take profits or reduce positions on rallies. The primary strategy should be to buy low and sell high, avoiding blind chasing of longs or shorts. Wait for a pullback to confirm new bullish signals. Currently, market sentiment is somewhat bullish but lacks explosive volume. After a structural rebound, a strong oscillation phase may follow. It is advisable to strictly control position sizes and focus on short-term trading.