Bitcoin Futures Technical Analysis Today

Resistance at 91,000 and Range Market

Bitcoin futures are currently under pressure at the 91,000 resistance level. Since December 11, the analysis on a 30-minute time frame shows that the price has gradually shifted from a high zone into a clearly defined trading range. It rotated around a midpoint near 91,750 before shifting down into a range centered around 88,500, which has been largely maintained since December 14. Additionally, Bitcoin is up approximately 3% to 3.5% today.

Future Price Directions

The 91,000 level is crucial as it has repeatedly acted as a ceiling, aligning with the December 2 control point. Meanwhile, the floor at 85,800 has attracted responsive buying.

Bullish and Bearish Scenarios

For a bullish continuation, it is essential that Bitcoin prices sustain levels above 91,000. If it manages to hold above this threshold, the next targets could be 91,650 and 92,600. Conversely, if 91,000 continues to reject price, the bearish case becomes more compelling and can lead to further tests of lower levels, including 90,650, 90,100, and 89,925. A failure to hold these levels could indicate increased downside risks.

Market Sentiment

At present, the sentiment is slightly bearish while below 91,000 due to the persistent resistance at this level and cooling order flow. Traders should monitor movements within this range closely, as a drop below 89,000 could pose significant downside risks.