The BTCUSDT Perpetual Futures pair is currently trading at $96,100.0, reflecting a slight decrease of -0.56% over the last 24 hours. The mark price stands at $96,105.8, which closely matches the last traded price, indicating low volatility spread. The price range over the past 24 hours shows a high of $96,868.4 and a low of $95,804.8, suggesting relatively tight consolidation. The 24-hour trading volume reached 69,351.814 BTC, with a USDT equivalent volume of $6.67 billion, indicating sustained liquidity.
From a technical standpoint, the trend shows weakening bullish momentum. The 7-period MA (yellow) at $96,188.2 is now slightly below the 25-period MA (pink) at $96,268.1, reflecting a potential bearish crossover. The price action is moving sideways, hovering close to support, with resistance still intact near the $97,865.4 region. The RSI (6) is currently at 38.8, which signals a weak buying momentum and could suggest a buildup of selling pressure if it dips further toward the oversold zone.
Volume data shows decreasing activity, indicating a lack of strong conviction from both buyers and sellers. The market may be waiting for a catalyst before making a decisive move. With a relatively flat price and mixed signals from moving averages, this could be a consolidation phase before the next directional breakout.
In summary, the BTCUSDT perpetual futures market is currently in a neutral-to-bearish posture, with weakening technical indicators and low momentum. Traders should watch the support at $95,800 and resistance around $97,800, with RSI and volume patterns playing a key role in predicting the next move.