Forexlive
Mastering Bitcoin Trading Today: Insights from TradeCompass
Date: February 10, 2025, 11:52 GMT+1
Bitcoin Futures Trade Compass – February 10, 2025
Current Price: $98,295
Outlook: Bullish above $99,120, Bearish below $97,850
Bitcoin Futures Trade Plan of the Day
Bitcoin Futures has increased by 2.4% since Friday’s close and is presently trading at $98,295. According to Trade Compass, a bullish surge beyond $99,120 is likely as this exceeds Friday’s highest VWAP level and last Wednesday’s Value Area High (VAH) at $98,870. Conversely, the market could turn bearish below $97,850, a level lower than today’s developing POC and the first upper standard deviation of today’s VWAP.
The Trade Compass methodology offers precise Bitcoin futures price levels for profit realization, facilitating a well-structured trade management.
Anticipated Bullish Targets for Bitcoin Futures Today (If Price Exceeds $99,120)
- $99,800 – Major resistance close to the 100K psychological barrier, below February 4th’s VWAP
- $100,475 – Slightly underneath the key $100,500 resistance level
- $101,985 – Close to January 29th’s Value Area Low (VAL) and VWAP Open from February 4th
Should Bitcoin Futures surpass $101,985, reassessment of further upside levels may be necessary.
Potential Bearish Targets for Bitcoin Futures Today (If Price Falls Below $97,850)
- $97,635 – VWAP close from February 6th
- $97,120 – Near the current VWAP at the time of analysis
- $96,230 – Slightly above last Thursday’s VAL
- $95,575 – Above February 3rd’s VAL
Traders can use these levels to gradually realize profits rather than banking on a single exit.
Risk Management and Tactical Considerations for Bitcoin Futures Trading Today
Stop losses are not suggested as traders have diverse risk appetites and strategies. It is recommended to take profits partially at pivotal levels to minimize risk. Trade Compass does not foresee direction but offers actionable trade zones. It is crucial to trade crypto responsibly and manage risk appropriately. Visit ForexLive.com for more Bitcoin futures analysis and expert views. Trade bitcoin today at your own risk.
Source: Forexlive
