Binance BTCUSDT 1h Trend Prediction

BTCUSDT is currently oscillating at a high level and again approaching the upper Bollinger Band, with MACD bars continuously enlarging, and the moving average system showing a clear bullish alignment. The overall market sentiment is in a positive bullish phase. Although the short-term RSI has entered overbought territory at a high level, the MACD golden cross and the increase in large trader long positions continue to rise, indicating that no significant reversal signals are present for the bulls and bears. The current bullish trend is expected to continue for approximately one hour. Active buying advantage is apparent, with capital flow being positive. Short-term funds are driving the momentum higher. Support level around 116,788.9 is effective, with limited downside correction space, making risk controllable. From the candlestick chart pattern, there has been a recent significant volume surge with a main upward movement that has not yet formed a top with volume-increasing bearish candles. The upward trend is likely to extend inertia, with short-term top resistance estimated near 120,000. It is advised to hold short-term long positions, setting profit-taking zones at 119,300-120,000 (R3 resistance band lower boundary). High-level chasing is not recommended. Should a rapid intra-day pullback occur, it is best to add positions opportunistically near 117,531-117,950 Bollinger lower band and moving averages. Attention should be paid to potential MACD bearish divergence or KDJ death cross signals, as well as sudden changes in large trader position ratios and active buy-sell ratios, which warrant decisive profit-taking and stop-loss execution to avoid retracement risk. In summary, supported by both fundamental capital backing and technical bullish patterns, BTCUSDT is expected to show inertia-driven upward performance within the next hour, targeting the range of 119,300-120,000, with relatively high confidence.