BTC/USDT Futures Trading Analysis - 2 February 2026
BTC/USDT Futures Trading Analysis - 2 February 2026
1. Market Overview
As of 2 February 2026, the BTC/USDT futures market is showing signs of a corrective phase following a recent bullish rally. The current spot price stands at **$75,841.37**, while the futures price is slightly lower at **$75,771.40**, indicating mild bearish sentiment in the derivatives market. Over the past 24 hours, Bitcoin has declined by **-3.54%**, with an intraday high of **$79,220.72** and a low of **$74,604.00**. This suggests increased volatility, with sellers dominating the session.
2. Technical Analysis
Key Indicators
| Indicator | Value | Interpretation |
|---|---|---|
| MA (50) | $79,340.95 | Bearish (Price below MA) |
| EMA (50) | $79,158.00 | Bearish (Price below EMA) |
| RSI (14) | 31.17 | Approaching oversold |
| MACD | -791.78 | Bearish momentum |
Additional Indicators
- **Fibonacci Retracement Levels** (from recent swing high $85,200 to low $74,604):
* 23.6%: $77,120 * 38.2%: $78,540 * 50%: $79,900 * 61.8%: $81,260 The price is currently below the 23.6% level, indicating weak retracement strength.
- **Bollinger Bands**: The price is touching the lower band, suggesting potential oversold conditions. A rebound may occur if volatility contracts.
- **Average True Range (ATR)**: Currently at **$2,450**, indicating high intraday volatility. Traders should adjust position sizes accordingly.
- **Volume-Weighted Average Price (VWAP)**: The price is below VWAP, reinforcing bearish control in the session.
- **Elliott Wave Analysis**: The market appears to be in a corrective Wave 4 (downward), with potential for a final Wave 5 decline before a reversal.
3. Trading Strategy
Given the current technical setup, here’s a proposed trading strategy:
- **Position**: Short (with caution due to oversold RSI)
- **Entry Point**: $75,500 - $76,000 (retest of breakdown level)
- **Stop-Loss**: $77,200 (above 23.6% Fib level)
- **Take-Profit Targets**:
* TP1: $74,600 (recent low) * TP2: $73,000 (next support zone)
- **Position Size**: 1-2% of capital per trade
- **Risk/Reward Ratio**: 1:2.5 (approx.)
Alternative Scenario
If the price reclaims $77,200 (23.6% Fib), watch for a potential long setup targeting $79,000 (50% Fib).
Final Thoughts
The BTC/USDT futures market is currently in a corrective phase, with bearish momentum dominating. However, the oversold RSI and proximity to the lower Bollinger Band suggest a possible short-term bounce. Traders should remain cautious and monitor key levels for confirmation.
⚠️ *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..