Current Overview: Bitcoin Futures (December Contract)
? Prediction Summary:
? Key Levels to Watch
$105,440: Initial resistance that has repeatedly capped upward moves.$105,850: Today’s first upper VWAP standard deviation, acting as a key breakout trigger.
Support Levels (Lower Range):
$103,325: Today’s Value Area Low (VAL).$102,500: Significant support aligning with historical Value Area Highs (VAH) from 3 and 5 days ago.$101,400: Prior VWAP confluence.$100,890: Naked Value Area Low, which could attract price if support breaks.Measured move projection targets $94,950 if the current range fails decisively.
?️ Updated Key Observations
Sellers Take Control Near Resistance (23:00):Sellers began to dominate near key resistance levels, as buyers failed to follow through.
Momentum Stalls (12:00):Volumes balanced out, signaling indecision. Buyers made a small improvement, but it lacked conviction.
For Bitcoin to break out to the upside:
Price must reclaim $105,440 and sustain above $105,850.Watch for:Increasing positive Delta Change and stronger Delta SL values.Rising buy volumes showing buyer strength.Target if bullish momentum builds: $107,860 and higher.If Bitcoin breaches support:
Failure to hold above $103,325 could open the door to test $102,500.Further breakdowns could target:$101,400 (VWAP confluence).$100,890 (naked VAL).Measured move projection suggests downside targets near $94,950 if sellers accelerateBitcoin futures remain range-bound, with a slight bearish bias due to continued sell pressure and weak buyer momentum. Traders and investors should monitor key levels and volumetric stats for directional clues.
Trade responsibly and manage risk carefully.Always confirm moves before entering trades.Stay patient and flexible—breakouts and breakdowns are possible from this range.
? Disclaimer: Trade at your own risk. This analysis is for informational purposes only and does not constitute financial advice. ??
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This article was written by Itai Levitan at www.forexlive.com. Read More Details
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