Bitcoin Analysis Today – Micro Bitcoin Futures (MBT) – April 28, 2025
Current Price: 95,760 (MBT Contract)
Market Context and Key Levels for Bitcoin Today:
Micro Bitcoin Futures (ticker: MBT) are currently trading at 95,760. Bitcoin futures today are gravitating towards a critical price magnet at 95,930—the Point of Control (POC) from Friday’s trading session. This proximity suggests a strong likelihood of testing and potentially breaking above this pivotal level, given the recent buyer support just below 93,620.
Buyers notably defended 93,620 (Value Area Low, April 24) and 93,715 (Value Area Low, April 23). These levels represent a significant defensive line for bulls, creating a clear delineation between bullish and bearish sentiment on higher timeframes.
Bullish Scenario for Bitcoin Futures Today:
As long as Bitcoin futures remain above the 93,715-93,620 zone, bulls retain a favorable outlook. Key resistance levels to monitor are:
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95,930 – Friday’s Point of Control (immediate magnet)
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96,590 – Value Area High of April 25 (critical resistance)
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96,985 – 2nd Upper Standard Deviation of Friday’s VWAP
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97,700 – 3rd Upper Standard Deviation of Friday’s VWAP
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100,000 – Psychological round-number target attracting broader market interest
A sustained breakout above 96,590 (ideally two consecutive 30-minute candle closes) strengthens the bullish scenario and could propel Bitcoin toward higher targets, particularly the key psychological threshold at 100,000.
Bearish Scenario for Bitcoin Futures Today:
A bearish stance emerges if Bitcoin futures see two consecutive 30-minute candle closes below 94,895 (just below April 23rd’s Value Area High). Given the current tight trading range, short positions should consider immediate profit-taking at close intervals:
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94,670 – Around today’s VWAP
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94,055 – Just above today’s Value Area Low and April 24th POC
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93,730 – Slightly above the Value Area Low from April 24
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91,855 – Just above the Value Area High of April 22 (extended bearish target)
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90,900 – Above the VWAP from April 22
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88,915 – Near the Point of Control from April 22 (final bearish extension)
Using Trade Compass Effectively:
Trade Compass offers precise, actionable price junctions to guide partial profit-taking and entries. Observing market reactions at these critical levels can provide valuable insights into Bitcoin futures’ short-term direction.
For example, a dip to approximately 94,675 could attract algorithmic buying interest as it aligns with today’s VWAP, April 24th’s Value Area High, and April 23rd’s POC. When markets are consolidating within tight ranges, precise entries significantly influence profitability and risk management.
Balancing Confirmation and Risk-Reward With Bitcoin Trading:
The Trade Compass Map also helps traders navigate the balance between confirmation and risk:
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High Confirmation, Lower Reward-Risk: Await two consecutive 30-minute candle closes above critical levels (e.g., 96,590).
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Lower Confirmation, Higher Reward-Risk: Consider an entry after a single candle close above resistance for a higher potential reward but increased risk of fake-outs.
Traders should align their entries based on their preferred balance of risk and confirmation.
Summary for Bitcoin Traders and Analysts:
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Bullish above 93,715-93,620 zone; watch closely for breakout above 96,590.
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Bearish confirmation below 94,895; utilize closely spaced profit targets.
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Precision is key—use tradeCompass levels strategically for entries and exits.
Disclaimer:
This analysis is provided for informational purposes only and should not be considered financial advice. Trading futures involves significant risks. Always trade at your own discretion and risk tolerance.
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This article was written by Itai Levitan at www.forexlive.com.
