BTC/USDT Futures Trading Analysis - 24 05 2025

From Crypto futures trading
Jump to navigation Jump to search

🎁 Get up to 6800 USDT in welcome bonuses on BingX
Trade risk-free, earn cashback, and unlock exclusive vouchers just for signing up and verifying your account.
Join BingX today and start claiming your rewards in the Rewards Center!

BTC/USDT Futures Trading Analysis - 24 May 2025

Market Overview

As of May 24, 2025, the BTC/USDT futures market is showing signs of bearish momentum. The current spot price stands at **$108,018.97**, while the futures price is slightly lower at **$107,970.80**, indicating mild backwardation. Over the past 24 hours, Bitcoin has declined by **-2.55%**, with an intraday high of **$111,381.61** and a low of **$106,800.00**. This suggests increased volatility and potential downside pressure.

Technical Analysis

Moving Averages

The **50-day Moving Average (MA)** is at **$110,198.18**, while the **50-day Exponential Moving Average (EMA)** sits at **$109,182.44**. The price is currently trading below both, signaling bearish dominance.

Oscillators

  • **RSI (14):** At **30.44**, Bitcoin is nearing oversold territory, which may indicate a potential reversal or continuation of the downtrend if the RSI remains below 30.
  • **MACD:** The MACD line shows a value of **-733.71**, reinforcing bearish momentum as it remains below the signal line.

Additional Indicators

Indicator Value Interpretation Fibonacci Retracement (from recent swing high/low) 50%: $108,900 | 61.8%: $108,300 Key resistance at $109,500; support near $108,300 Bollinger Bands Middle: $110,200 | Lower: $108,300 Price hugging the lower band suggests further downside ATR (14) $2,400 High volatility; expect large price swings VWAP $ below V below V below V below VWAP indicates bearish sentiment

Elliott Wave Analysis

The current price action suggests we may be in **Wave 3** of a larger bearish impulse wave. A break below **$106,800** could confirm the continuation toward **$104,000** (Wave 3 target).

Trading Strategy

Given the technical setup, here’s a proposed strategy:

  • **Position:** **Short** (with caution due to oversold RSI)
  • **Entry Point:** **$107,500 - $108,000** (retest of resistance)
  • **Stop-Loss:** **$109,500** (above Fibonacci 38.2% level)
  • **Take-Profit:** **$104,000** (Wave 3 target)
  • **Position Size:** 1-2% of capital to manage risk
  • **Risk/Reward Ratio:** 1:3 (favorable)

Fundamental Analysis

While no major news is driving the market today, institutional interest remains strong. Recent filings show increased Bitcoin ETF inflows, but macroeconomic uncertainty (e.g., Fed rate decisions) could be weighing on prices. Long-term predictions still favor bullish trends, but short-term corrections are expected.

Final Thoughts

The BTC/USDT futures market is currently bearish, with key indicators supporting further downside. Traders should watch the **$106,800** support level closely. A break below could accelerate selling, while a rebound above **$109,500** may invalidate the bearish thesis.

⚠️ *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
BitMEX Crypto Trading Platform up to 100x leverage BitMEX

Join the community

Subscribe to our Telegram channel @strategybin. Sign up at the most profitable crypto exchange.

Get up to 6800 USDT in welcome bonuses on BingX
Trade risk-free, earn cashback, and unlock exclusive vouchers just for signing up and verifying your account.
Join BingX today and start claiming your rewards in the Rewards Center!