tradeCompass: Bitcoin Futures Analysis for Today

Bitcoin Price Analysis – Current Market Context

  • Bitcoin Futures Price (BTC - Contract in Front): $83,315
  • Intraday Bias: Bullish above $82,800, Bearish below it
  • Key Threshold: $82,800 (Thursday’s POC) & $82,944 (Today’s VWAP Support)

📌 Bitcoin futures found solid support just under today’s VWAP at $82,944, aligning with key technical levels. As long as price remains above $82,800, the bias remains bullish on the intraday timeframe. However, if Bitcoin breaks below $82,800, bearish targets come into play.

Bitcoin futures analysis by tradeCompass
Bitcoin futures analysis by tradeCompass

Bullish Trade Plan – Key Profit Targets

Bitcoin remains above its bullish threshold, making long setups more favorable. If price continues upward, here are the key bullish targets:

1️⃣ $83,600Just below Friday’s Value Area Low (VAL)
2️⃣ $84,290Just below Thursday’s Value Area High (VAH)
3️⃣ $84,800Just below Friday’s POC (Point of Control)
4️⃣ $85,570Just below Thursday’s Value Area High (VAH)
5️⃣ $86,800Value Area Low (VAL) of March 7th

🎯 Risk Management Tip: Professional traders take profits incrementally, rather than holding for a single large move. These key levels provide logical exit points to mitigate risk.

Bearish Trade Plan – Key Profit Targets

If Bitcoin breaks below today’s VWAP at $82,944 and loses the $82,800 threshold, then the bearish scenario gains momentum. Here are the key bearish price targets:

1️⃣ $81,990Just above Thursday’s VWAP
2️⃣ $81,250VWAP of March 11th
3️⃣ $80,450VWAP of March 10th
4️⃣ $79,250Value Area Low (VAL) of March 11th

📌 Short traders should monitor reactions at these levels for potential buy orders and reversals.

Bitcoin Futures Today – Key Takeaways

  • Bullish Bias: Above $82,800, with targets at $83,600, $84,290, and beyond.
  • Bearish Bias: Below $82,800, with key support at $81,990 and $81,250.
  • Traders should not just hold blindly—instead, use these key price levels as strategic points to lock in gains or reassess risk.
  • Expect volatility—Bitcoin futures often see rapid movements around major levels.

🚨 Trade at your own risk. tradeCompass provides decision-support insights, not financial advice.

🔎 For more Bitcoin price analysis and futures insights, visit ForexLive.com.

Source: Forex Live