The bullish threshold is set at 2690, the Point of Control (POC) from February 12th. As the market is above this level, it currently favors buyers. Several key levels further bolster this bullish perspective:

• 2703 – Today’s session’s Volume Weighted Average Price (VWAP), an important intraday benchmark.
• 2706 – The Value Area High (VAH) from February 12th, a significant resistance level that has turned into support.
• 2709 – The VWAP close from February 7th, another historical liquidity reference point.

Since Ethereum is above all these levels, the bias remains bullish. Nevertheless, traders looking for optimal long entries may consider a potential retest near today’s developing POC at 2710.

If the bullish trend continues above 2690, key liquidity targets for profit-taking include 2729, 2747.5, 2796, and 2898. These levels are high-liquidity zones where price reactions can be expected. Bulls should consider taking partial profits at these levels, adjusting as per market conditions.

But if the market dips below 2690, a bearish momentum is triggered. Potential targets in this scenario include 2671, 2636.5, 2606, and 2566.5. The last level, 2566.5, is critical for medium and swing traders. If Ethereum dips below this level, a deep bearish trend could set in. However, as long as Ethereum remains above this level, bulls have a chance to regain control.

To conclude, Ethereum futures are showing bullish signs above 2690, with several support levels strengthening the upside potential. While this analysis provides a useful orientation, it should not replace a trader’s individual trading plan. Traders are reminded to approach Ethereum futures trading with caution and seek additional insights at ForexLive.com.

The post Ethereum Futures Bullish Outlook: Trade Compass Analysis for Today’s Crypto Market appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

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

The post Mastering Bitcoin Trading Today: Insights from TradeCompass appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.