Deepredict
Bearish
Confidence Level: 75%
Target Price
116370-116790
Mark Price
117560.0
Actual Price
117462.57
Prediction Result
BTCUSDT current price has approached the lower Bollinger Band, which theoretically provides support, but indicators are generally bearish. The MACD indicator is in negative territory and expanding, indicating ongoing downside risk in the market. The RSI shows severe overselling, suggesting potential for short-term rebound, but the overall trend remains bearish. Although large account holdings are predominantly long, the number of long versus short accounts is comparatively low, indicating mixed market sentiment and possible short-term adjustments. Market trading volume has not shown significant changes, with small fluctuations, reflecting price instability; currently, caution is advised and observation recommended. Traders are advised to monitor whether the price rebounds near the S1 support level; failure to hold may lead to further testing of lower support levels.
Used Model
gpt-4o
Prediction Date
Jul 30, 2025 12:23
Prediction ID
binance-btcusdt-1h-forecast-2025-upd1954
Disclaimer: This prediction is for reference only and does not constitute investment advice. The cryptocurrency market is high-risk; invest with caution. Past prediction results do not guarantee future performance.