Current Market Overview
Bearish Trade Plan for Bitcoin Futures Today
$98,470 – A near-term target positioned just above today's VWAP.$98,250 – The VWAP from yesterday, a key technical level where institutional traders and algorithms may react.$97,710 – Yesterday’s Value Area Low (VAL), an important area for potential price support.$97,535 – Aligns with today’s Point of Control (POC) and the VWAP from three days ago, making it a strong liquidity zone.Extended Bearish Targets for Bitcoin Futures:$96,595 – Located just above today's VAL, an additional level where price may stabilize.$95,585 – Corresponds with the Value Area Low (VAL) from three days ago, a deeper downside level for extended moves.
Bullish Trade Plan for Bitcoin Futures Today
Key upside targets include:
$100,000 – A major psychological round number and the Point of Control (POC) from two days ago. This is a high-probability area for partial profit-taking.$100,500 – The Value Area High (VAH) from two days ago, another critical resistance level.Extended Bullish Target: $102,625 – Positioned just below the POC and VAH from three days ago, making it a significant level for a sustained bullish move.What Is the Value Area in Bitcoin Futures?
Value Area High (VAH): The upper boundary of this high-volume range.Value Area Low (VAL): The lower boundary, often serving as support.
What Is VWAP and Why Does It Matter?
Above VWAP: Indicates bullish momentum.Below VWAP: Indicates bearish momentum.VWAP Standard Deviations: Help identify extended moves and potential mean reversions.
What Is Point of Control (POC) in Bitcoin Futures?
Bitcoin Futures Trading Outlook for Today
Bearish bias activates below $98,860, with $98,470, $98,250, and $97,710 as primary downside targets.Bullish bias activates above $99,540, aiming for $100,000 and $100,500 in the short term.Range-bound conditions remain in play, making VWAP, POC, and Value Area levels critical for intraday trading decisions.
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This article was written by Itai Levitan at www.forexlive.com. Read More Details
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