Deepredict
Bearish
Confidence Level: 78%
Target Price
8.29-8.45
Mark Price
8.72
Actual Price
8.7
Prediction Result
The candlestick chart has recently shown a significant downward trend, repeatedly encountering resistance and retreating near the MA20 and the middle band of the Bollinger Bands, indicating considerable short- to medium-term downward pressure. The RSI over a short cycle has consistently remained below 50, approaching the oversold region without showing clear reversal signals. The current momentum is predominantly bearish, and further confirmation of bottom signals is needed. Although there are subtle signs of divergence in the MACD (DIF slightly narrowing), the overall indicator remains below the zero line, suggesting a lack of sustainable bullish energy in the market. The Bollinger Bands have not yet narrowed, and the price continues to trade between the middle and lower bands, with a high probability of testing support levels S1 (8.426) and S2 (8.287) below. The large account long-short ratio shows signs of being slightly bullish but has not resulted in a strong upward movement; this mainly reflects holding positions or attempting rebounds, with retail investor sentiment cautious. Current trading volume is average, with no signs of major holder turnover or large-scale panic selling, indicating that the decline is still slowly digesting, not a rapid drop nor oversold conditions. It is expected that in the next four hours, the price will primarily move downward, focusing on the support range of 8.29-8.45. A break below this zone may accelerate the downward trend. If 8.29 holds, a technical rebound may occur, but the overall outlook remains weak and choppy. Trading suggestion: Short-term avoid chasing shorts; wait for the price to test strong support before observing for signs of stabilization for further decisions. Bulls may attempt to enter positions gradually between 8.29-8.45, with strict stop-loss orders; if broken below 8.29, decisively exit.
Used Model
gpt-4.1
Prediction Date
Aug 06, 2025 09:46
Prediction ID
binance-trumpusdt-4h-forecast-2025-upd2211
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.