


Technical Sentiment Analysis for ProShares Short Bitcoin ETF (BITI). As of 2026-05-07, ProShares Short Bitcoin ETF (BITI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 7 indicators are flashing buy, while 8 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BITI stands at 36.23, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.88, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 10.76 and the Commodity Channel Index (CCI) at -105.98 further confirm a -0.8 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BITI is trading above its 60-day moving average of $25.38 and above its 200-day long-term moving average of $21.99. Key price levels to watch include the immediate resistance at $23.53 and strong support at $21.25. A break above $23.53 could signal a bull continuation, while falling below $21.25 may test the next Fibonacci floor at $20.12.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 18.97 | 20.12 | 21.25 | 22.4 | 23.53 | 24.68 | 25.81 |
| Fibonacci | 20.12 | 20.99 | 21.53 | 22.4 | 23.27 | 23.81 | 24.68 |
2026-05-07
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 36.23 |
| Stochastic Oscillator | 10.76 |
| Stochastic RSI | 7.36 |
| Commodity Channel Index (CCI) | -105.98 |
| Awesome Oscillator | -2.38 |
| Momentum | -0.8 |
| MACD | -0.88 |
2026-05-07
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 21.74 | Buy |
| 10-Day | 22.39 | Sell |
| 20-Day | 22.85 | Sell |
| 60-Day | 25.38 | Sell |
| 200-Day | 21.99 | Sell |
| 250-Day | 21.5 | Buy |