Binance BTCUSDT 2h Trend Prediction

Comprehensive analysis of current market data indicates that BTCUSDT exhibits a clear upward trend within the current cycle. The Bollinger Bands are approaching the upper band with no apparent top signal, suggesting the potential for price breakthroughs. The MACD shows a bullish alignment, with DIF and DEA trending upward, indicating strong bullish market momentum. No death cross or downward signs are observed, increasing the likelihood of trend continuation. The RSI is at a relatively high level but not overbought, implying short-term additional upside potential. Low volatility suggests that the current upward movement is relatively stable. Market sentiment, based on long and short positions and buy-sell ratios, favors the bullish side. Therefore, it is expected that the price will continue testing resistance levels upward. Price is likely to break through the second resistance (R2) at 120,951.5 and may even test the R1 resistance at 123,300.0. Traders should remain cautious of retracements caused by strong resistance zones. It is advisable to establish long positions after confirming support in pullbacks, with an emphasis on risk management during upward moves and timely stop-loss adjustments. Consider building positions at support levels above 115,678.1.