Bitcoin Futures Analysis BTCUSDT - November 19 2024

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BTC/USDT Futures Trading Analysis — November 19, 2024

1. Introduction

As of November 19, 2024, the spot price of Bitcoin stands at 91,922.66 USD, showing stability over the past 24 hours. The futures price for BTC/USDT on the Binance platform is 91,983.60 USD.

The trading volume over the last 24 hours reached 74.78 billion USD, reflecting strong interest from market participants.

BTC/USDT's price dynamics are currently influenced by macroeconomic factors, including the expected decisions of the US Federal Reserve on interest rates and inflation data.

2. Technical Analysis

Support and Resistance Levels:

  • Daily timeframe:
 * Support: 89,000 USD
 * Resistance: 95,000 USD
  • Hourly timeframe:
 * Support: 90,500 USD
 * Resistance: 92,500 USD

Moving Averages (MA and EMA):

  • MA50: 90,000 USD
  • MA200: 85,000 USD
  • EMA50: 91,000 USD
  • EMA200: 86,000 USD

Indicators:

  • RSI: 60 (neutral zone)
  • MACD: bullish crossover, indicating potential upward momentum.

Fibonacci Levels:

  • 38.2%: 89,500 USD
  • 50%: 88,000 USD
  • 61.8%: 86,500 USD

Bollinger Bands:

  • Upper Band: 93,000 USD
  • Lower Band: 90,000 USD
  • The current price is near the upper band, suggesting overbought conditions.

ATR (Average True Range):

  • Value: 1,500 USD, indicating moderate volatility.

VWAP:

  • The current price is above VWAP, confirming an upward trend.

Elliott Wave Analysis:

  • Bitcoin is in the third wave of the impulse, typically the strongest growth phase.

Patterns:

  • A "bullish flag" pattern is forming, which may indicate the continuation of the upward trend.

3. Volume Analysis

  • Open Interest:
 * Total open interest: 20.5 billion USD
 * Long positions: 12.3 billion USD
 * Short positions: 8.2 billion USD
  • Liquidations in the last 24 hours:
 * Total liquidations: 1.2 billion USD
   * Long positions: 700 million USD
   * Short positions: 500 million USD
  • Options:
 * Next expiration date: November 22, 2024
 * Open interest volume: 2.5 billion USD
 * Call/put ratio: 1.2
 * "Max Pain" level: 65,000 USD
 * Key strike prices: 60,000 USD, 65,000 USD, 70,000 USD

4. Forecast and Strategy

Based on the current analysis, opening a long position is recommended.

  • Entry point: 91,500 USD
  • Exit point: 95,000 USD
  • Stop-loss: 90,000 USD

With a capital of 1,000 USDT and leverage of 20x, the expected profit is approximately 700 USDT, while the risk is 300 USDT.

5. Fundamental Analysis

Macroeconomic Factors:

  • The Federal Reserve's decisions on interest rates are expected to impact BTC/USDT prices.

Actions of Major Players:

  • MicroStrategy continues to increase its Bitcoin reserves, supporting market demand.

6. Links Úteis e Patrocinados

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