Binance BTCUSDT 2h Trend Prediction

Based on the analysis of candlestick charts, BTCUSDT exhibits a continuous downward trend in the short term, with successive lower highs and no significant rebound volume observed. Furthermore, recent large-volume transactions support the decline. The lower band of the short-term Bollinger Bands has been tested and bottomed out through oscillations, but no strong rebound has occurred; a negative Percent B indicates that there is still room for inertia-driven further downward movement. All RSI indicators are extremely oversold, with no bullish divergence signals present; caution is advised for potential inertial sell-offs. The MACD has a death cross that continues to diverge downward, indicating a high risk for long entries. The active buy-sell ratio (0.9688) is below 1, demonstrating that actual buying volume is weak, and market sentiment is increasingly skewed towards short positions. Currently, no clear support levels have been identified below; attention should be paid to stabilization within the 105,800 to 106,700 range. The target zone is set between 106,700 and 107,400, aligning with the current weak channel. Unless there is significant positive news or a strong bullish rally, it is expected that the price will remain in a weak, oscillating downward flux over the next 2 hours. It is recommended to watch out for chasing short positions, but not to hunt for rebounds.