Binance BTCUSDT 2h Trend Prediction

Based on the current BTCUSDT trading surface, the price has steadily risen after breaking through the MA20 to MA200 moving averages, with the Bollinger Bands widening, indicating increased volatility and favorable conditions for further upward movement. Although the MACD shows a short-term death cross, the fast and slow lines remain above, with the loss of downward momentum, suggesting a clear sign of reaccumulation by major funds. The KDJ indicator's J line is extremely low, indicating an initial rebound phase, with a short-term correction expected. The RSI across multiple timeframes is within normal fluctuation ranges, showing no obvious overbought signals, and there is room for a short-term rebound. The moving averages are in a bullish alignment, indicating an overall upward trend. Regarding long and short positions, major institutional funds exhibit a very evident net long trend, with holdings far exceeding the market average, and mainstream market sentiment favors the bulls. Trading volume has increased with the price rise, reflecting high market activity. Volatility has expanded, but there is no sign of aggressive selling volume. Support levels (S1~S3) are significantly below the current price, indicating limited short-term retracement risk and ample buy orders below. The price is expected to test the Bollinger Band's upper band resistance around 97,800. Risk warning: If the price falls below the MA20 and the Bollinger Middle Band at 96,127, caution should be exercised for a short-term correction. Stop-loss should be set below 95,500. Trading strategy could involve phased long positions targeting the 96,550-97,800 range. A successful break above this range might lead to further challenges toward higher levels. Based on the last two hours of candlestick movement and mainstream technical indicators, BTC remains bullish in the short term, but it is advisable to monitor the MACD momentum recovery. With increasing volume supporting upward movement, the probability of continued rise is very high. Strategy advice: The current approach should primarily focus on buying low and selling high within this range, with particular attention to breaking the 96,550 resistance. If successfully surpassed, hold the position; if encountering resistance, consider taking profits or reducing positions to manage risk.