How to Trade Bitcoin Today by TradeCompass ...Middle East

Current Price: $98,295Bias: Bullish Above $99,120, Bearish Below $97,850

Bitcoin Futures is up 2.4% from Friday’s close, currently trading at $98,295. The Trade Compass today signals a bullish breakout above $99,120, as this level surpasses Friday’s highest VWAP level and last Wednesday’s Value Area High (VAH) at $98,870. On the downside, the market turns bearish below $97,850, which is beneath today’s developing POC and the first upper standard deviation of today's VWAP.

Bullish Targets for Bitcoin Futures Today (If Price Breaks $99,120)

$99,800 – Key resistance near 100K psychological level, under February 4th’s VWAP$100,475 – Just below the crucial $100,500 resistance level$101,985 – Near January 29th’s Value Area Low (VAL) and VWAP Open from February 4th

Bearish Targets for Bitcoin Futures Today (If Price Drops Below $97,850)

$97,635 – VWAP close from February 6th$97,120 – Near today's VWAP at the time of analysis$96,230 – Just above the VAL of last Thursday$95,575 – Above the VAL of February 3rd

Risk Management and Strategy Considerations for Bitcoin Futures Trading Today

Stops are not provided, as traders have different risk tolerances and strategies.Partial profit-taking is encouraged at key levels to mitigate risk.Trade Compass does not predict direction but provides actionable trade zones.

Always trade crypto responsibly and manage risk accordingly. Visit ForexLive.com for additional Bitcoin futures analysis for today and expert perspectives. Trade bitcoin today at your own risk.

This article was written by Itai Levitan at www.forexlive.com.

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