Binance BTCUSDT 1h Trend Prediction

The current price of BTCUSDT is located in the middle zone of the Bollinger Bands, with a bandwidth of only 0.7% and the percent_b not exhibiting extreme skewness, indicating limited short-term volatility. Although the MACD's dif and dea are positive, the MACD histogram remains negative, lacking persistent bullish momentum, suggesting limited upward support. RSI values are all within the 40-46 range, indicating insufficient buying strength but not reaching oversold levels. The market is mostly in a short-term wait-and-see stance. The three KDJ lines are converging, lacking acceleration signals, which indicates a low probability of significant volatility, with the main trend being a sideways consolidation with slight oscillations. The active buy-sell ratio is slightly bullish, but the number of bullish and bearish accounts is still skewed bearish. Large accounts show long positions, displaying bullish sentiment, while retail accounts are more cautious, implying a tug-of-war pattern. The ATR is below 410, and the recent candlesticks show stable movement. DMI indicates a weak momentum configuration; the main market trend is not strong, and there may be repeated shakeouts during trading. Support level S1 is around 114,681.5, providing some backing at lower phases, but recent resistance levels have not been effectively broken. Short-term resistance is expected at 118,000, with some support at 116,800. From a comprehensive technical perspective, the market is most likely to remain within the 116,800 to 117,500 range consolidation, with a low probability of short-term breakout. Buying on dips and selling on rallies is preferable. If abnormal volume occurs, attention should be paid to breakout developments. Strategic suggestion: within the range, mainly observe and perform high-selling and low-buying; set stop-losses near support at around 116,500. If the price breaks downward, reassess the trend change.