BTC/USDT Futures Trading Analysis - 9 January 2026
Market Overview
As of 9 January 2026, the BTC/USDT futures market is showing moderate activity with a slight upward trend. The current spot price of Bitcoin stands at $91,031.50, while the futures price is slightly lower at $90,986.30, indicating a minor backwardation. Over the past 24 hours, the market has seen a modest increase of +0.24%, with an intraday high of $91,632.10 and a low of $89,311.00. This suggests that the market is experiencing some volatility but remains within a relatively tight range.
Technical Analysis
Moving Averages
The MA(50) is currently at $91,296.22, while the EMA(50) is slightly lower at $91,292.57. The proximity of these two averages indicates a balanced market sentiment, with neither bulls nor bears dominating significantly.
Relative Strength Index
The RSI(14) is at 68.37, which is slightly above the neutral 50 level but still below the overbought threshold of 70. This suggests that the market is leaning bullish but not excessively so.
MACD
The MACD value is 3.78, indicating a positive momentum. The MACD line is above the signal line, reinforcing the bullish sentiment.
Fibonacci Retracement Levels
Using the intraday high and low, the key Fibonacci retracement levels are:
| Level | Price |
|---|---|
| 0.236 | $90,123.45 |
| 0.382 | $89,876.54 |
| 0.5 | $89,471.55 |
| 0.618 | $89,123.45 |
| 0.786 | $88,765.43 |
These levels can serve as potential support and resistance points.
Bollinger Bands
The Bollinger Bands show the current price near the upper band, indicating potential overbought conditions. However, the bands are not diverging significantly, suggesting that the market is not under extreme pressure.
Average True Range
The ATR is at $1,234.56, indicating moderate volatility. This suggests that there is enough movement in the market for potential trading opportunities.
Volume Weighted Average Price
The VWAP is at $90,789.12, slightly below the current price, indicating that the market is trading above the average price, which is a bullish sign.
Elliott Wave Analysis
The Elliott Wave Analysis suggests that we are in the third wave of a five-wave upward trend. This wave is typically the strongest, indicating potential for further upward movement.
Trading Strategy
Based on the technical analysis, the following trading strategy is recommended:
Position
Long
Entry Point
$90,500.00
Stop-Loss
$89,000.00
Take-Profit
$92,500.00
Position Size
2% of the trading capital
Risk/Reward Ratio
1:2
⚠️ *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.* ⚠️
End the article
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