Current Market Context for Bitcoin Futures Today
Bitcoin futures are trading at $82,700, with bears in control as long as price remains below $82,800, the Value Area Low (VAL) of today. The bullish threshold will only be activated if Bitcoin reclaims yesterday’s VWAP at approximately $83,650. This means that Bitcoin is in bearish territory, but the question is where to enter a potential short trade.
A possible retracement could bring Bitcoin up toward the Point of Control (POC) of today at $83,200, or even $83,300–$83,350, which aligns with today’s VWAP and yesterday’s VAL at $83,330. If Bitcoin reaches the $83,000–$83,500 zone, it could provide an attractive shorting opportunity. However, price may not necessarily retrace to this zone, so traders might also consider $82,800 as a reference level, which coincides with the March 13th POC.
Bearish Profit Targets for Bitcoin Futures Today
Since Bitcoin has already declined significantly from yesterday’s high near $85,000, short positions should have a profit-taking plan. Here are potential target levels for bearish traders:
- $82,430 – Just above the March 11th Value Area High
- $81,800 – A cluster of support, including:
- March 11th POC
- March 9th VAH
- March 12th VAL
- $81,940 – Just above the March 13th VWAP (important level to watch for potential buyer interest)
- $81,245 – The VWAP of March 11th
- $80,950 – Just above March 13th Value Area Low
- $80,435 – Just above March 9th VWAP
- $79,230–$79,060 – Major support cluster, combining:
- March 11th VAL (strong support)
- March 9th POC
Bullish Scenario (If Bitcoin Moves Above the Bullish Threshold)
If Bitcoin crosses above yesterday’s VWAP ($83,650), the bulls take control, with the following upside targets:
- $84,000 – Just below the VWAP of March 14th
- $84,325 – A cluster of resistance, including:
- March 13th VAH
- March 16th POC
- $84,790 – In line with the March 14th POC and March 16th VAH
- $85,570 – Just below the March 14th VAH
- $88,820 – Just below March 7th VAL, marking an important seven-day range resistance
Key Takeaways for Today’s Bitcoin Analysis
- Bearish Bias: Bitcoin remains in a bearish structure unless price moves above $83,650.
- Short Entry Considerations: The $83,000–$83,500 range is an ideal short entry area if price retraces. If not, $82,800 remains a relevant level.
- Bearish Profit Targets: Key downside levels include $81,800, $80,950, and $79,230.
- Bullish Breakout Above $83,650: If Bitcoin reclaims this level, bullish momentum could target $84,325, $84,790, and higher.
Trading Guidance for Bitcoin Today
Use tradeCompass as an orientation tool—watch how price reacts at key levels to inform your trading decisions. Some traders use these levels for scalps, while others manage positions with partial profit-taking. Always trade at your own risk and align decisions with your strategy, timeframe, and risk appetite.
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