CME BTC Futures Weekly Plan analysis

In this tradingview blog, we will refer to our February 10, 2025, weekly trade plan for CME BTC futures. We highlighted three potential scenarios last week. Our main scenario 1 played out. It did not reach the high we expected in our plan, however, BTC futures consolidated further around the mCVPOC, i.e., our Anchored Volume Profile from November 10th, 2024.

We highlighted the following key levels:
Yearly Hi:110,920
mCVAH: 104,400
Dec 2024 mid-range: 101,570
Jan 2025 mid-range: 100,610
mCVPOC: 98,075
mCVAL: 93,730
Key Bull Support: 92,505 - 90,000

Scenario 1 stated Further chop and acceptance. We noted the following:
“In this scenario, we may see price action remain range bound. Traders look for clarity on how policy may affect market sentiment before further committing capital”.

Also, as acceptance (balance) builds, mCVPOC has also shifted. You can see that mcVPOC is currently sitting at 97,965 (when posting this recap). Market was choppy as expected, although it did not reach December 2024 or January 2025 mid-range. Markets chopped below mCVPOC, touching mCVAL.

This is a time where patience is required and it is better to sit on your hands rather than engaging with markets in choppy conditions.

Although we are wary of news and that it may impact prices. Our main portion of analysis and plan is founded upon Volume Profile, multiple time-frame analysis as mentioned in our recap from February 6, 2025.

This is just one of many ways to look at the markets. We provide these recaps on our thoughts on markets to help you understand and incorporate these into your own style of viewing and analyzing the markets.