The Bitcoin Futures is trading in strong decline this Monday, December 15, around 1:15 PM, reflecting the continuation of the corrective movement observed since the beginning of the second week of the month. Priced in the region of 472,280 points, the contract breaks important supports and reinforces a cautious scenario in the short term.
After repeatedly failing to recover the 500,000 points, the asset lost the 21-day moving average and began to build more consistent bearish candles, with closes near the lows, indicating greater selling conviction.
Historical data shows that, since the peak recorded above 570,000 points in November, the Bitcoin Futures has been drawing a sequence of descending peaks, a classic structure of technical correction after a prolonged upward movement.
In the current session, pressure intensified right at the opening, when the contract opened close to 486,480 points and quickly lost strength, breaking the 480,000 range, a level that had been observed as a relevant psychological support.
From a technical perspective, the RSI lost the level of 50 points and continues to point downwards, reinforcing the reading that the market has not yet found a clear equilibrium point between buyers and sellers.
In the short term, the price behavior suggests that any potential rebounds should find resistance in the region between 487,000 and 493,000 points, a range where selling flow tends to reappear with more intensity.
If the asset cannot quickly recover the 480,000 points, the most likely scenario becomes a continuation of the movement towards 440,000, a relevant technical support observed in daily charts.
For buyers, the main objective for the remainder of the session is to defend the region between 470,000 and 475,000, avoiding an acceleration of the decline and seeking signs of selling exhaustion in the short term. $BTC #bitcoin #TradingCommunity
