BTC/USDT Futures Trading Analysis - 3 March 2026

1. BTC/USDT Futures Trading Analysis — 3 March 2026

1. 1. 1. Market Overview

As of 3 March 2026, Bitcoin (BTC) is exhibiting strong bullish momentum in the futures market. The current spot price stands at **$68,825.00**, while the futures price is trading slightly lower at **$68,800.10**, indicating minimal premium. The 24-hour change is **+3.84%**, reflecting sustained upward pressure.

Key intraday levels: - **Intraday High:** $70,096.00 - **Intraday Low:** $65,259.21

The market has shown resilience, bouncing from the daily low and testing resistance near the $70,000 psychological level.

1. 1. 2. Technical Analysis

1. 1. 1. Moving Averages

- **MA(50):** $67,062.90 (support level) - **EMA(50):** $67,278.67 (dynamic support)

The price remains above both the MA(50) and EMA(50), confirming a bullish trend.

1. 1. 1. Relative Strength Index (RSI)

- **RSI (14):** 67.21

The RSI is approaching overbought territory but has not yet crossed 70, suggesting room for further upside before a potential pullback.

1. 1. 1. Moving Average Convergence Divergence (MACD)

- **MACD:** 740.98 (bullish momentum)

The MACD histogram is positive, reinforcing the bullish bias.

1. 1. 1. Additional Indicators

1. 1. 1. 1. Fibonacci Retracement (from recent swing low to high)

- **0.236:** $66,450 - **0.382:** $65,800 - **0.5:** $65,200

These levels act as potential support zones in case of a retracement.

1. 1. 1. 1. Bollinger Bands

- **Upper Band:** $71,200 - **Lower Band:** $64,100

Price is hugging the upper band, indicating strong bullish momentum.

1. 1. 1. 1. Average True Range (ATR)

- **ATR (14):** $2,450

High volatility persists, requiring wider stop-loss placements.

1. 1. 1. 1. Volume-Weighted Average Price (VWAP)

- **VWAP:** $67,890

Price trading above VWAP supports bullish continuation.

1. 1. 1. 1. Elliott Wave Analysis

- Current wave structure suggests we are in **Wave 3** of an impulsive uptrend. - A corrective **Wave 4** may follow, potentially retesting $66,000–$67,000 before resuming higher.

1. 1. 3. Trading Strategy

1. 1. 1. Recommendation: **Long**

Given the bullish indicators, a long position is favored with the following parameters:

- **Entry Zone:** $68,500–$68,800 - **Stop-Loss:** $66,900 (below MA(50) and EMA(50)) - **Take-Profit Targets:**

 - **TP1:** $70,000 (psychological resistance)  
 - **TP2:** $72,500 (Fibonacci extension)  

- **Position Size:** 1–2% of capital per trade - **Risk/Reward Ratio:** 1:3

1. 1. 1. Alternative Scenario (Short)

If price rejects $70,000 and breaks below $68,000, a short trade could be considered: - **Entry:** $67,800 - **Stop-Loss:** $69,200 - **Take-Profit:** $65,500

1. 1. Conclusion

Bitcoin remains in a strong uptrend, supported by key technical indicators. Traders should monitor the $70,000 resistance for breakout confirmation or rejection. Proper risk management is essential given the elevated volatility.

⚠️ **Disclaimer:** This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before trading. ⚠️

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