Binance BTCUSDT 30m Trend Prediction

The overall BTCUSDT is in a bullish structure, but in the short-term cycle, as the price approaches the upper Bollinger Band and RSI is overbought, the potential for continued significant upward movement is limited. The MACD golden cross and the high capital long positions indicate that the trend has not yet reversed, but the momentum of active buy orders is insufficient, suggesting a higher probability of range-bound consolidation. Support and resistance levels show that short-term resistance lies between 110,436 and 113,800, with supports at 109,650 to 109,485. If the upper band is not broken with increased volume, it is expected to range-bound around 109,800 to 110,500, repeatedly oscillating within this zone. Currently, market funds are overall leaning bullish. Combined with candlestick patterns after a previous pullback, which have gradually stabilized, this indicates strong support beneath, with a low likelihood of sharp declines in the short term. Operational advice: At this stage, refrain from chasing rallies. Consider attempting to buy low near the lower boundary of the range, and possibly reduce positions at the upper boundary. Short-term support is around 109,800; resistance is at 110,500. A breakout should be confirmed by increased volume and significant moving average upward movement. Risk warning: A fall below the 109,650 to 109,485 zone warrants caution for further declines; if volume increases and prices stabilize above 110,500, upward continuation is expected, and trading strategies should be adjusted accordingly.