Based on the latest BTCUSDT Perpetual chart on Binance Futures, the price is currently trading at 94,187.8 USDT, showing a slight decline of 0.78%. After experiencing a sharp drop to a 24-hour low of 93,678.7 USDT, it has bounced slightly, indicating a potential temporary recovery. The Relative Strength Index (RSI) with a period of 6 is at 29.1, placing the market in oversold territory, which may signal a possible short-term rebound if buying pressure returns. The overall 1-hour trend remains bearish, with key resistance observed at 95,578.8 USDT and support forming around 93,367.2 USDT.
A potential long (buy) setup could be considered in the 93,600–94,200 USDT entry zone, with take-profit targets around 94,800–95,000 USDT and a stop-loss below 93,250 USDT. However, this would be a higher-risk strategy relying on an oversold bounce. Conversely, if the price fails to sustain above 94,000 USDT, a short (sell) opportunity might arise within the 94,400–94,800 USDT zone, targeting profits near 93,600–93,700 USDT with a stop-loss placed above 95,000 USDT. As market conditions are currently volatile, traders are advised to exercise caution and apply disciplined risk management to protect their capital.
