May 2, 2026

Long on BTC/USDT perpetual futures.

Long on BTC/USDT perpetual futures.

Long on BTC/USDT perpetual futures.

Long on BTC/USDT perpetual futures.

Bitcoin / TetherUS BINANCE:BTCUSDT
Sponglewang


Long on BTC/USDT perpetual futures.

As you’ll notice from the chart price action has just bounced off of support at just below 36000. I’m expecting it to go as high as resistance at 38900. What’s interesting though is that both the RSI and Stochastic indicators are showing oversold conditions on all the larger timeframes. The 1hr, 2hr, 3hr, 4hr and even the Daily. So yeah… I’m definitely long on this one.

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