Summary Box for Bitcoin Traders Today (prices are for the BTC1! futures market)
Bullish above: $109,970
Bearish below: $109,250
Primary Bias: Bearish
Partial Targets: 107,300 ; 106,800 ; 105,550 ; 104,200 ; 100,000 (extended swing target)
Bitcoin Market Context and Directional Bias Today
At the time of writing, Bitcoin futures trade near $108460, around 3.25 percent below yesterday’s close and firmly beneath today’s bearish threshold at $109,250.
That means the bearish side of the compass is already activated. Yesterday’s tradeCompass also began bearish before flipping bullish once price reclaimed $110,000. It then reached three of the bullish partial-profit targets, showing how dynamic levels can guide both sides of the trade.
Today, with price again under the same key threshold, the bias returns bearish. The path remains open toward lower liquidity pockets unless the market reclaims $109,970, which would re-activate the bullish route.
Today’s Key Levels and Partial-Profit Plan for Bitcoin Traders
Bearish targets:
107,300 – Initial target near intraday liquidity cluster seen around Monday’s close.
106,800 – Confluence with prior high-volume node (HVN) and 1-hour VWAP deviation.
105,550 – Next volume shelf and potential buyer reaction zone.
104,200 – Deeper liquidity pool from October 14 session.
100,000 – Round psychological number acting as extended swing target.
Bullish activation above $109,970 → targets: 110,500 ; 111,500 ; 112,000 (Point of Control of Oct 21).
Because of the choppy tone in recent sessions, today the stop moves to entry after the first profit target is achieved rather than after TP2—a tactical adjustment for volatility.
Background (last 12 hours)
Netflix (NFLX) reported earnings overnight and slid about 6 percent after hours following a flat regular session. As a mega-cap name that often sets sentiment for tech and the Nasdaq, its weak performance may weigh on risk assets and reinforce the current risk-off tone seen in crypto.
See the related coverage on investingLive about Netflix’s post-earnings drop for more context on how tech weakness affects crypto sentiment.
Educational Corner: Partial-Profit Logic
The tradeCompass approach teaches traders to scale out in stages. Taking partial profits locks in gains while keeping a runner for potential larger moves. This prevents “all-or-nothing” outcomes and reduces emotional stress during volatile sessions—particularly important for assets like Bitcoin that can retrace hundreds of dollars within minutes.
Trade Management Reminders (tradeCompass)
- Only one trade per direction per compass.
- After TP1 today (move stop to entry due to volatility).
- Stops should sit just beyond the activation side with a small buffer and never beyond the opposite threshold.
- Confirmation may come from two closes beyond a threshold or short-term orderFlow Intel supporting the bias.
Clarification on Using the Compass for Bitcoin Trading Today
If price fails to hold above the bullish threshold, it can signal a short setup. Conversely, holding below the bearish line suggests a deeper bearish phase. Traders should use partial targets both ways and adjust their stop management accordingly.
Professional Disclaimer
This analysis is for educational and decision-support purposes only and does not constitute financial advice. Trading futures and cryptocurrencies involves substantial risk of loss. Always do your own research and trade within your risk tolerance.
