Binance BTCUSDT 1h Trend Prediction

BTCUSDT has experienced a sharp decline in the past hour, with the current price approaching the lower band of the Bollinger Bands, indicating a highly bearish technical outlook. Multiple key indicators—including MACD, RSI, DMI—all point to a strong downward trend, with no sign of a rebound emerging. The candlestick chart shows increased trading volume over the past few hours accompanied by rapid drops, likely indicating panic selling. All important moving averages have been broken downward, with MA5/10/20/50/200 exhibiting a bearish alignment, and market sentiment weakening. RSI6 has become extremely oversold (below 5). Although there is a short-term technical rebound demand, the overall downward trend remains dominant, limiting the rebound potential. The MACD green bars continue to expand, making it difficult to form an effective short-term rebound. A significant rebound would only be possible after sufficient decline in bearish momentum. The DMI and ADX structures show a high strength of the bearish trend. In the short term, the rebound is unlikely to alter the downward trajectory, with support levels between 113,800 and 114,700. A drop below 113,800 should raise concerns about accelerated panic selling. Active order book data and long/short positioning both indicate increased capital caution, with enhanced stop-loss and wait-and-see attitudes. Although large accounts still hold positions, the bullish margin has narrowed, indicating weak short-term rebound strength. It is expected that the current market will continue to weaken and fluctuate downward over the next hour, with primary support between 113,800 and 114,700. A minor technical rebound may occur in the short term, but the overall trend remains bearish. Trading suggestion: primarily observe; aggressive short positions can be arranged near 114,800 with a stop-loss above 115,500 and a target at 113,800. If a sharp rebound occurs, exercise caution in chasing shorts and wait for a new directional decision.