Binance BTCUSDT 30m Trend Prediction

BTCUSDT short-term downward trend is apparent, with candlesticks breaking below the middle band of the Bollinger Bands and continuing to approach the lower band. The range of fluctuations has slightly narrowed, indicating signs of control by the bears. The MACD negative value has increased without signs of reversal. The absence of effective bullish divergence suggests that the downward momentum has not yet finished. Short-term, it may continue to decline inertially, with limited rebound potential. Although oversold indicators like RSI and KDJ suggest a short-term rebound demand, the overall volume has not expanded. The future market favors a correction followed by continued downward pressure. Pay attention to quick breaks below support levels S1 (113,529.6) and S2 (112,660). The DMI negative line leads, indicating short-term bears hold the advantage. The ADX remains in the trend continuation zone, corresponding to the current weak downward market environment. Large accounts show an unusually high long-short holding ratio but struggle to organize a counterattack, with risks of passive forced liquidation. Active buying and selling are relatively balanced, but there is a lack of sustained buying pressure from major players. If the price breaks below support S1, the short-term could test the S2 (112,660) area, and in extreme cases, potentially test S3. Trading suggestion: observe the market short-term or take light short positions following the trend. For rebounds that do not cross above MA5 and the previous middle band, consider shorting on rallies, with a stop loss set above 114,350 (near the Bollinger middle band). The short-term target is focused on S2.