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BTCUSD Daily Market Analysis—December 3, 2024 by K9 Investments Trading

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🚀 Two Clear and Actionable Intraday Trading Setups

1. Live Market Price: 96112 USD


Buy Signal Trade Entry: 96100 USD

  • Stop Loss: 95900 USD

  • Take Profit 1: 96500 USD

  • Take Profit 2: 96800 USD


Rationale: The price is currently testing the 50% Fibonacci retracement level on the daily chart, which is a strong support level. The RSI is showing a bullish divergence, and the MACD is in positive territory, indicating a potential upward move.


2. Live Market Price: 96112 USD

Sell Signal Trade Entry: 96300 USD

  • Stop Loss: 96500 USD

  • Take Profit 1: 96000 USD

  • Take Profit 2: 95700 USD


Rationale: The price is approaching the 61.8% Fibonacci retracement level on the 4-hour chart, which is a strong resistance level. The RSI is showing a bearish divergence, and the MACD is in negative territory, suggesting a potential downward move.



Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.

Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.



BTCUSD daily market analysis on 03 Dec 2024 by k9 investments trading

📚 Market Analysis


📈 Daily Time Frame Analysis

Support & Resistance Levels:

  • Support Levels: 95800 USD, 95500 USD, 95200 USD

  • Resistance Levels: 96500 USD, 96800 USD, 97100 USD


Fibonacci Retracement Levels:

  • Daily Swing Levels: 95800 USD (38.2%), 96100 USD (50%), 96400 USD (61.8%)


Exponential Moving Averages (EMA):

  • 50 EMA: 96200 USD

  • 100 EMA: 96150 USD

  • 200 EMA: 96100 USD

  • 400 EMA: 96050 USD


RSI Divergence:

  • The RSI is showing a bullish divergence, indicating a potential upward move.


Order Blocks:

  • Bullish order blocks are forming around the 50% Fibonacci retracement level.


MACD:

  • The MACD is in the positive territory, suggesting a buying opportunity.



📈 4-Hour Time Frame Analysis

Support & Resistance Levels:

  • Support Levels: 95800 USD, 95500 USD, 95200 USD

  • Resistance Levels: 96500 USD, 96800 USD, 97100 USD


Exponential Moving Averages (EMA):

  • 50 EMA: 96350 USD

  • 100 EMA: 96300 USD

  • 200 EMA: 96250 USD

  • 400 EMA: 96200 USD


RSI Divergence:

  • The RSI is showing a bearish divergence, indicating a potential downward move.


Order Blocks:

  • Bearish order blocks are forming around the 61.8% Fibonacci retracement level.


MACD:

  • The MACD is in the negative territory, suggesting a selling opportunity.



📈 Weekly Pivots

  • Pivot Point (PP): 96200 USD

  • Resistance 1 (R1): 96500 USD

  • Resistance 2 (R2): 96800 USD

  • Support 1 (S1): 95900 USD

  • Support 2 (S2): 95600 USD


📈 Daily Pivots

  • Pivot Point (PP): 96200 USD

  • Resistance 1 (R1): 96500 USD

  • Resistance 2 (R2): 96800 USD

  • Support 1 (S1): 95900 USD

  • Support 2 (S2): 95600 USD


📝 Fundamental Analysis and USD News

Upcoming Important USD News

  • FOMC Meeting: December 10, 2024

    • Impact: The Federal Open Market Committee (FOMC) meeting can significantly affect the USD and, consequently, the BTCUSD pair. Traders should monitor the statements and decisions made during this meeting to gauge the future direction of the USD.

  • US Non-Farm Payrolls (NFP): December 13, 2024

    • Impact: The NFP report is a key indicator of the health of the US labor market. A strong NFP report can boost the USD, while a weak report can lead to USD depreciation.



💡 BTCUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

📊 Key Levels to Watch:

  • Daily & 4-Hour Support and Resistance:

    • Support: 95800 USD, 95500 USD, 95200 USD

    • Resistance: 96500 USD, 96800 USD, 97100 USD

  • Exponential Moving Average (EMA) Levels:

    • Daily Time Frame:

      • 50 EMA: 96200 USD

      • 100 EMA: 96150 USD

      • 200 EMA: 96100 USD

      • 400 EMA: 96050 USD

    • 4-Hour Time Frame:

      • 50 EMA: 96350 USD

      • 100 EMA: 96300 USD

      • 200 EMA: 96250 USD

      • 400 EMA: 96200 USD

  • Weekly Pivots:

    • PP: 96200 USD

    • R1: 96500 USD

    • R2: 96800 USD

    • S1: 95900 USD

    • S2: 95600 USD

  • Daily Pivots:

    • PP: 96200 USD

    • R1: 96500 USD

    • R2: 96800 USD

    • S1: 95900 USD

    • S2: 95600 USD

  • Fibonacci Retracement Levels:

    • 38.2%: 95800 USD

    • 50%: 96100 USD

    • 61.8%: 96400 USD


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5.What is the best time to trade BTCUSD?

The best time to trade BTCUSD is during the overlap of the New York and London sessions, typically between 8:00 AM and 12:00 PM EST. This period sees the highest liquidity and volatility, providing more trading opportunities. 🕒

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