Binance BTCUSDT 1h Trend Prediction

The current BTCUSDT price has significantly fallen below the middle band of the Bollinger Bands and is approaching the lower band, with all technical indicators showing unequivocal bearish signals. The MA5, MA10, MA20, MA50, and MA200 all form a death cross in order, with no signs of support. The candlestick chart over the past two days shows dense shrinking volume down candles, indicating insufficient volume to support a rebound, dominated by bears. RSI6 has fallen into an extremely low area but shows no signs of upward movement; MACD displays a deepening green histogram, suggesting very strong short-term downward momentum. Although there is some accumulated rebound demand, signals of a bottom are awaited, and further downward inertia is more probable. In the 1-hour timeframe, support level S1 is at 116,370.1. A fall below this level would test S2 at 115,865 and possibly S3 at 115,678.1. The target range is locked between 115,650 and 116,400; falling below this range could accelerate the decline. However, considering historical volatility and market stabilization efforts by large players, the short-term downside is limited. Although the holdings of big accounts are relatively bullish (indicating some main players are accumulating at low levels), the number of large account holders is relatively low, indicating a split among major funds, without forming a concerted force. After a short-term decline, there may be some capital inflow, but without clear reversal signals, rebounds are limited to technical corrections. The overall market turnover and trading volume remain acceptable, but the active buy-sell ratio is below 0.7, indicating a bearish tendency. This suggests current bulls are not exerting significant effort. Based on the combined technical analysis and order book behavior, there is a high probability that in the next hour, prices will first decline toward the 115,650-116,400 range. Attention should be paid to trading volume and price patterns for divergence rebound signals; otherwise, maintain a bearish outlook. Risk control is strict; if there is a short-term oversold rebound, it is advisable to gradually exit positions above 116,800-117,000. Higher timeframes may show stabilization and rebound, but the short-term trend remains bearish.