Bitcoin futures around $85,900; key levels identified

Bitcoin futures are currently trading at around $85,900. Today's analysis highlights important levels for traders to watch, focusing on potential breakouts and reversals. For today, bullish momentum is likely if Bitcoin rises above $86,040. Conversely, if it falls below $85,850, bearish momentum may increase. Traders are advised to look for sustained movements beyond these levels to confirm direction. This means watching for Bitcoin to hold either level for at least 15 minutes or see consecutive candle closes. If Bitcoin stays below $85,850, several key bearish targets could be reached. These include levels at $85,640, $85,380, and further down to $84,090 and $82,175. On the bullish side, if the price surpasses $86,040, targets include $86,325 and $86,535. Traders can use Volume Profile and VWAP indicators to gauge where significant trading activity has occurred and determine fair value. These tools help identify support and resistance zones that are crucial for making trading decisions. Overall, today's analysis provides a clear framework for traders. It emphasizes the importance of monitoring price action around these key levels and adjusting strategies as market conditions change.