BTC/USDT Futures Trading Analysis — December 5, 2024
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BTC/USDT Futures Trading Analysis — December 5, 2024
1. Introduction
As of December 5, 2024:
- Bitcoin Spot Price: 102,421.00 USD (Binance Spot), an increase of 6.72% in the last 24 hours.
- BTC/USDT Futures Price: 102,450.00 USD (Binance Futures).
- Trading Volume: 75.3 billion USD.
Economic Context: Bitcoin's recent price increase is supported by positive macroeconomic data, including a decline in the U.S. unemployment rate and stable inflation expectations (Investing.com).
2. Technical Analysis
- Key Support and Resistance Levels:
- Daily Timeframe:
- Support: 98,000 USD
- Resistance: 105,000 USD
- Hourly Timeframe:
- Support: 100,000 USD
- Resistance: 103,000 USD
- Daily Timeframe:
- Indicators:
- MA(50): 100,500 USD, MA(200): 95,000 USD
- EMA(50): 101,000 USD, EMA(200): 95,500 USD
- RSI: 72 (overbought zone)
- MACD: positive signal for an upward trend
- Bollinger Bands: expanded, indicating increased volatility.
- Wave Analysis:
The market is in the fifth wave according to Elliott Wave Theory, with a potential target of 105,000 USD.
3. Volume and Liquidation Analysis
- Open Interest: 6.2 billion USD, dominated by long positions.
- Liquidations in the Last 24 Hours:
- Total Liquidations: 30.5 million USD
- Long Liquidations: 25.0 million USD
- Short Liquidations: 5.5 million USD
- Liquidation Heatmap:
File:Binance-BTC-USDT-Liquidation-Heatmap-24-hour-2024-12-05-06-07-35.png
Liquidation Heatmap
4. Liquidation and Options Tables
Weekly Liquidation and Open Interest Table:
| Date | Total Liquidations (million USD) | Long Liquidations (million USD) | Short Liquidations (million USD) | Open Interest (billion USD) |
|---|---|---|---|---|
| 29.11.2024 | 20 | 10 | 10 | 5.0 |
| 30.11.2024 | 30 | 15 | 15 | 5.2 |
| 01.12.2024 | 25 | 12 | 13 | 5.4 |
| 02.12.2024 | 40 | 20 | 20 | 5.6 |
| 03.12.2024 | 35 | 18 | 17 | 5.8 |
| 04.12.2024 | 50 | 25 | 25 | 6.0 |
| 05.12.2024 | 61 | 30 | 31 | 6.2 |
Weekly Options Table:
| Expiration Date | Open Interest (billion USD) | Call/Put Ratio | Max Pain Level (USD) | Key Strike Prices (USD) |
|---|---|---|---|---|
| 29.11.2024 | 1.2 | 1.2 | 95,000 | 90,000, 95,000, 100,000 |
| 30.11.2024 | 1.3 | 1.3 | 96,000 | 91,000, 96,000, 101,000 |
| 05.12.2024 | 1.8 | 1.5 | 100,000 | 95,000, 100,000, 105,000 |
5. Conclusions
The liquidation heatmap highlights key levels:
- 96,500–97,000 USD: A zone with significant short liquidations, reinforcing the upward trend.
- 95,500 USD: A critical support level with notable long liquidations.
Forecast: The price is expected to continue rising toward 105,000 USD.
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