Deepredict
Bearish
Confidence Level: 75%
Target Price
117017.1-116788.9
Mark Price
118598.67
Actual Price
118832.7
Prediction Result
The current price of BTCUSDT is approaching the lower Bollinger Band. Although the amplitude is limited, the narrowing of the Bollinger Band indicates a potential breakout, most likely downward. The MACD indicator strongly signals a bearish outlook with no sign of recovery. Overall market trading volume remains relatively stable, lacking clear signs of bullish entry, suggesting support for a downward trend. Based on long and short positions and account analysis, market sentiment is clearly skewed bearish. Although large account long-short ratios are slightly more bullish, the number of accounts and trading behavior favor selling. Combining the above technical indicators and market sentiment, BTCUSDT may test the support area around 117017.1 to 116788.9 in the short term. It is recommended to stay on the sidelines or lightly short in the near term. In the short term, closely monitor the support at 117017.1. If broken, further decline to 116788.9 is likely. Meanwhile, set stop-losses above the resistance R1 (120951.5) to prevent rebounds.
Used Model
gpt-4o
Prediction Date
Jul 23, 2025 04:04
Prediction ID
binance-btcusdt-30m-forecast-2025-upd1757
Disclaimer: This prediction is for reference only and does not constitute investment advice. The cryptocurrency market is high-risk; invest with caution. Past prediction results do not guarantee future performance.