Binance BTCUSDT 1h Trend Prediction

BTCUSDT has recently approached the lower Bollinger Band on the 1-hour candlestick chart, indicating an oversold signal; however, short-term rebound momentum remains insufficient. The long-short account ratio and active buy-sell ratio do not demonstrate a strong desire among mainstream funds for short-term aggressive buying; there are signs of institutional accumulation at low levels, but overall market sentiment remains cautious. Both MACD and KDJ indicators suggest a bearish dominant trend, with no clear stabilization or reversal signals. The extremely low RSI indicates there may be some correction after the decline, but the current cycle is likely to continue under pressure. Over the past 24 hours, amplitude and volume data are within normal ranges, with no signs of extreme volume surges aiming for a rebound. Trading suggestion: focus on short positions with light holdings; consider cautious observation if retracement reaches around 121,000 near the lower Bollinger Band support. If there is a strong upward pull above 122,200, coupled with RSI upward correction and MACD dead-cross convergence, closing short positions for profit-taking can be considered. Currently, risk should be strictly controlled. Support and resistance levels indicate R2 has been broken downward; in the short term, monitor S1 (118,458.4), but at present, focus first on the price movement within the middle and lower Bollinger Bands, around 121,000-121,400. Overall recommendation: the probability of further market decline is relatively high, and rebound potential is weak. Divergent data from capital indicators and increased uncertainty in market direction suggest waiting for a new major trend direction from institutional players.