Binance BTCUSDT 2h Trend Prediction

The current BTCUSDT price is near the upper Bollinger Band, and the Bollinger channel has narrowed, indicating recent volatility has decreased. The probability of a significant breakout in the short term is low, and the price is expected to oscillate mainly. Although there are signs of a golden cross in MACD, the DIF and DEA remain below the zero line, suggesting that bullish momentum has not yet triggered a sustained turning point. Short-term capital may still have concerns about chasing gains. Both RSI6 and RSI14 are approaching or slightly exceeding 70, indicating short-term overbought signals. Funds may take profits to lock in gains, with upward short-term resistance limited. The KDJ indicator is at a relatively high level (J=64.4) but has not become excessive, implying the current trend is not extremely bullish or bearish. Combining this with the ATR volatility value (896.7), overall, the market is expected to continue oscillating within a broad range. Trading volume and amplitude display a moderate level of activity. The ratio of active buying to selling is slightly tilted towards buying, indicating active bullish funds but not extreme unilateral trading. Capital flows remain centered around cautious speculation. Support levels S1 and S2 are at 111,850 and 111,625.9 respectively; in the short term, there might be fund absorption during pullbacks, with limited downside room. Resistance is at 112,154.87 (upper Bollinger Band); a strong short-term breakout is unlikely to be sustained. Recently, it is recommended to operate within the range of 111,600 to 112,300, engaging in high-selling and low-buying strategies; await clear direction upon breakout. Avoid chasing rallies. Maintain a strategy focused on range-bound trading and strictly control positions.