Binance BTCUSDT 2h Trend Prediction

Comprehensive analysis of current market data indicates that BTCUSDT is under significant downward pressure. The MACD indicator shows a large negative divergence, suggesting a potential continued decline in the near term. Although the RSI is in the oversold region, a short-term rebound may occur, but there is no clear upward momentum confirmed at present. The long-short position ratio indicates funds are still somewhat bullish; however, the number of long and short accounts is nearly balanced, implying short-term downward pressure exists. Based on support and resistance models along with current technical indicators, it is recommended to monitor the support zone of 115,678 to 117,048, where a short-term rebound may form. Considering the current oversold signals, immediate entry is not advised; one may wait for the price to test the support zone for buy signals. Stop-loss should be set below 115,600 USDT; a break below this level increases the risk of further decline. Trading strategy suggestion: confirm support levels, proceed cautiously with rebound trades, and set strict stop-loss orders. Short-term traders may consider entering near the support zone to attempt ultra-short-term rebounds.