BTC/USDT Futures Trading Analysis - 23 December 2025
Market Overview
As of 23 December 2025, the BTC/USDT futures market is showing signs of bearish momentum. The current spot price of Bitcoin stands at $88,177.18, while the futures price is slightly lower at $88,134.90, indicating a minor backwardation. Over the past 24 hours, the price has declined by 0.74%, with an intraday high of $90,588.23 and a low of $87,800.00. The market appears to be consolidating after a recent downtrend, with traders cautiously evaluating the next potential move.
Technical Analysis
Moving Averages
The 50-day Moving Average (MA) is at $88,715.97, and the 50-day Exponential Moving Average (EMA) is at $88,672.95. Both indicators are above the current price, signaling a bearish trend in the short term. The price is struggling to reclaim these levels, which could act as resistance.
Relative Strength Index (RSI)
The 14-day RSI is at 23.15, which is in the oversold territory. This suggests that the market may be due for a short-term bounce or consolidation, but it does not necessarily indicate a reversal of the broader downtrend.
MACD
The MACD line is at -184.68, with the signal line also in negative territory. The MACD histogram is bearish, indicating that the downward momentum is still intact.
Fibonacci Retracement Levels
Using the recent swing high of $90,588.23 and the swing low of $87,800.00, the key Fibonacci retracement levels are as follows: - 23.6%: $88,266.12 - 38.2%: $88,776.67 - 50%: $89,194.12 - 61.8%: $89,611.56 The price is currently hovering near the 23.6% level, which could act as immediate support.
Bollinger Bands
The Bollinger Bands show the price trading near the lower band, indicating oversold conditions. The bands are widening, suggesting increased volatility in the market.
Average True Range (ATR)
The 14-day ATR is at 1,200. This high value reflects significant price volatility, which could lead to sharp moves in either direction.
Volume Weighted Average Price (VWAP)
The VWAP is at $89,500, which is above the current price. This indicates that the market is trading at a discount relative to the average price weighted by volume, reinforcing the bearish sentiment.
Elliott Wave Analysis
The Elliott Wave Theory suggests that Bitcoin is in the fifth wave of a bearish impulse sequence. This wave is typically characterized by a final push downward before a potential reversal or consolidation phase.
Trading Strategy
Position Recommendation
Given the current technical indicators, a cautious approach is advised. Traders may consider a short position with a tight stop-loss to capitalize on the ongoing bearish momentum.
Entry Point
An ideal entry point for a short position would be near the 23.6% Fibonacci level at $88,266.12, where the price is likely to face resistance.
Stop-Loss
A stop-loss should be placed slightly above the 38.2% Fibonacci level at $88,776.67 to minimize potential losses in case of a reversal.
Take-Profit
The take-profit target could be set at the recent swing low of $87,800.00, with a potential extension to $86,500.00 if the bearish momentum continues.
Position Size
Position sizing should be calculated based on a risk management strategy, ensuring that no more than 1-2% of the trading capital is risked on this trade.
Risk/Reward Ratio
The risk/reward ratio for this trade is approximately 1:2, providing a favorable balance between potential profit and risk.
Conclusion
The BTC/USDT futures market is currently in a bearish phase, with key indicators suggesting further downside potential. Traders should exercise caution and use proper risk management techniques when entering a short position. The market may experience short-term bounces, but the overall trend remains negative.
⚠️ *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.* ⚠️
Recommended Crypto Futures Exchanges
| Exchange | Futures Features | Sign-Up |
|---|---|---|
| Binance Futures | Up to 125x leverage, USDⓈ-M contracts | Register Now - CashBack 10% SPOT and Futures |
| Bybit Futures | Inverse perpetual contracts | Start Trading |
| BingX Futures | Copy-trading for futures | Join BingX |
| Bitget Futures | USDT-margined contracts | Open Account |
Join the community
Subscribe to our Telegram channel @strategybin. The most favorable exchange rate for VISA to cryptocurrencies..