BTC/USDT Futures Trading Analysis - 10 08 2025
BTC/USDT Futures Trading Analysis - August 10, 2025
1. Market Overview
As of August 10, 2025, the BTC/USDT futures market is showing bullish momentum, with the current spot price at **$118,421.29** and the futures price slightly lower at **$118,384.40**, indicating mild backwardation. The market has gained **+1.71%** in the last 24 hours, with an intraday high of **$118,500.00** and a low of **$116,339.45**, suggesting strong buying interest near the lower range.
2. Technical Analysis
Key Indicators
| Indicator | Value | Interpretation |
|---|---|---|
| MA(50) | $116,757.30 | Bullish (Price above MA) |
| EMA(50) | $116,669.36 | Bullish (Price above EMA) |
| RSI (14) | 71.57 | Overbought (Caution advised) |
| MACD Line | 147.80 | Bullish momentum (MACD above signal) |
Additional Indicators
- **Fibonacci Retracement Levels (from recent swing low to high):**
* 23.6%: $117,200.00 * 38.2%: $116,800.00 * 50%: $116,420.00 * 61.8%: $116,040.00 * The price is holding above the 23.6% level, reinforcing bullish sentiment.
- **Bollinger Bands (20,2):**
* Upper Band: $119,100.00 * Lower Band: $114,900.00 * Price is near the upper band, indicating potential overextension.
- **Average True Range (ATR):**
* 14-period ATR: $2,800.00 * High volatility suggests wider stop-loss placement.
- **Volume-Weighted Average Price (VWAP):**
* Current VWAP: $117,500.00 * Price above VWAP supports bullish bias.
- **Elliott Wave Analysis:**
* The market appears to be in **Wave 3** of an impulsive uptrend, targeting $120,000+ before a corrective Wave 4.
3. Trading Strategy
Given the current technical setup, here’s a structured trading plan:
- **Position:** **Long** (due to bullish trend confirmation)
- **Entry Zone:** $118,000 - $118,300 (wait for minor pullback)
- **Stop-Loss:** $116,000 (below 61.8% Fib and recent swing low)
- **Take-Profit Targets:**
* TP1: $119,500 (near upper Bollinger Band) * TP2: $120,000 (psychological resistance) * TP3: $122,000 (extended Wave 3 target)
- **Position Size:** 1-2% of capital per trade (risk management)
- **Risk/Reward Ratio:** 1:3 (favorable)
Key Considerations
- The RSI is overbought, so a minor correction before continuation is possible.
- Watch for a break above $118,500 to confirm further upside.
- If the price closes below $116,000, reassess the bullish bias.
Final Thoughts
The BTC/USDT futures market remains bullish, supported by key indicators like the MA/EMA crossover, MACD momentum, and Fibonacci levels. However, traders should remain cautious due to overbought RSI conditions and consider scaling in positions to manage risk.
⚠️ *Disclaimer: This analysis is provided for informational purposes only and does not constitute financial advice. It is recommended to conduct your own research before making investment decisions.* ️
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