The BTCUSDT Perpetual Futures is currently trading at $96,989.4, registering a modest +0.24% intraday gain. The mark price is nearly aligned at $96,989.4. Within the last 24 hours, Bitcoin reached a high of $97,700.0 and a low of $95,718.5, with a notable trading volume of 186,026.846 BTC, equivalent to $18.00 billion USDT.
On the technical side, BTC continues to hold above its key moving averages — MA(7) at $96,710.5, MA(25) at $96,802.5, and MA(99) at $95,318.8 — suggesting that bulls remain in control. However, price action shows a consolidation phase just below the recent high, indicating market indecision after the sharp rally.
Volume remains elevated, especially around key breakouts, suggesting strong interest. Meanwhile, the RSI(6) reads 56.5, cooling off from previous overbought levels and indicating a more neutral momentum that could lead to continued range-bound movement or the start of a new trend.
In summary, BTCUSDT perpetual futures are showing signs of consolidation after a significant upward move. While bullish momentum is still present, the market may be waiting for a fresh catalyst before attempting another breakout above $97,700.
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