Current Market Overview
Bitcoin futures are currently trading at $98,710, with the bearish threshold at $98,860. This level is just below yesterday’s Value Area High (VAH) and near the Value Area Low (VAL) of two days ago. Since price is slightly below this threshold, some traders may look for a minor retest at $98,870 before confirming a short position. However, this level itself is not critical, and bearish momentum could already be unfolding.
Bearish Trade Plan for Bitcoin Futures Today
Traders looking to short Bitcoin futures should consider the following downside targets: