Bitcoin futures today
Bitcoin futures are currently trading at $106,285, approaching critical levels that could dictate the next significant move. While the market appears to be in a range, the reward-to-risk ratio currently favors the downside.
Bitcoin Futures Bearish Price Prediction
Bearish Profit Targets:
$105,800 – Aligns with today’s VWAP, a key dynamic reference point.$105,370 – Positioned just above today’s POC, which is a high-liquidity zone.$105,120 – Located near the start of today’s VWAP, where buyers may attempt to step in.$104,235 – Aligned with both the Value Area Low (VAL) at the time of this analysis and VWAP from two days ago—significant overlapping support.$102,410 (runner target) – Just above yesterday’s VAL, an extended bearish target for larger moves.We turn bullish only above $107,230—a breakout level where buyers may gain control.
$107,835 – First resistance area.$108,130 – A key level aligned with previous VWAP standard deviations.$108,985 – A major resistance zone and extended target.
Why Should Traders Care About Value Area, VWAP, and Point of Control (POC)?
VWAP (Volume-Weighted Average Price):
Acts as an intraday fair value—institutions use it to assess whether price is trading at a premium or discount.Traders watch VWAP deviations to identify overbought and oversold conditions.Represents the price level with the highest traded volume—a magnet for price action.A shift in POC can indicate trend continuation or potential reversal zones.
Value Area (VAH/VAL - Value Area High/Low):
Defines the range where 70% of the previous session’s volume was traded.VAL (Value Area Low): A potential support level.VAH (Value Area High): A potential resistance level.Trade Management Considerations
If the first profit target is reached, consider moving your stop-loss to entry.Stop-loss placement is discretionary, as different traders have different risk appetites and timeframes.The TradeCompass remains neutral and is open to both bullish and bearish scenarios, helping traders react objectively rather than sticking to a fixed bias.Bitcoin futures are at a critical juncture, and $105,990 and $107,230 are the key levels to watch today. A break below $105,990 favors downside momentum, while a push above $107,230 could fuel further bullish action.
Trade at your own risk. For additional perspectives, visit ForexLive.com.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Bitcoin Price Prediction for Today by TradeCompass )
Also on site :