Binance BTCUSDT 30m Trend Prediction

BTCUSDT has been weakening persistently over the recent cycle. As observed from the candlestick chart, the price has oscillated at high levels around 116,000 and then continued to decline, currently approaching the lower Bollinger Band, with weak rebound momentum. The MACD remains in a bearish zone, although there are slight red histograms, a clear bottom divergence structure has not formed, and the downward trend remains intact. All short-term moving averages are positioned above the current price, especially MA20 and MA50 with a significant gap, indicating that the overall downward structure has not been broken, and short-term rebound space is limited. Regarding KDJ, the J value is rapidly crossing below, and both K and D are maintaining a downward trajectory. Coupled with RSI at a low level, there may be a brief oversold rebound, but the overall bearish trend persists. In the DMI indicator, the -DMI significantly outpaces +DMI, and the ADX has reached moderate to high levels, confirming that the current phase is a clear downtrend. Although the long and short position ratio and active buy-sell ratio lean towards the bullish side, large traders have not effectively driven up the price, indicating insufficient bullish confidence or market anticipation, with the overall market still dominated by the bears. Combined with recent trading volume, it can be seen that although the trading turnover is high, the volume change has not shown significant anomalies. Coupled with price decline, this indicates persistent selling pressure. The subsequent 30-minute period is expected to mainly oscillate in a weak manner, with a possibility of slight rebounds, but it is more probable that the price will test the support range of 107,200 to 107,600. If this support is broken, further downside risks should be watched. Trading strategies should mainly involve reducing position on rallies or observing with light positions; currently, chasing shorts is not recommended. Attention should be paid to protecting profits from short positions.