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BTCUSD Daily Market Analysis—December 5, 2024 by K9 Investments Trading

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Two Intraday Signals for Bitcoin (BTCUSD) - Live


Market Price: 102,696 USD


Signal 1: Buy Entry

  • Buy Signal Trade Entry: 102,500

  • Stop Loss: 101,800

  • Take Profit 1: 103,200

  • Take Profit 2: 104,000

Rationale: Based on the Daily Fibonacci Retracement Levels (61.8% at 102,500) and strong support at 101,800, with RSI divergence indicating a potential upward movement on the 4hr timeframe.

Signal 2: Sell Entry

  • Sell Signal Trade Entry: 103,500

  • Stop Loss: 104,200

  • Take Profit 1: 102,800

  • Take Profit 2: 102,200

Rationale: Utilizing Daily Pivot Resistance (R1 at 103,500) and Order Block analysis on the 4hr timeframe, suggesting a potential reversal to support levels.


Risk Warning:

Trading Forex and CFDs carries a high 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 here.


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


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Market Analysis

Support & Resistance Levels

Daily Timeframe:

  • Support: 101,800, 101,200

  • Resistance: 103,500, 104,000


4hr Timeframe:

  • Support: 102,200, 101,800

  • Resistance: 103,000, 103,800


Fibonacci Retracement Levels (Daily Swing Levels)

  • 23.6%: 101,500

  • 38.2%: 102,000

  • 61.8%: 102,500

  • 76.4%: 103,000



Exponential Moving Average (EMA) Levels

Daily Timeframe:

  • EMA 50: 102,300

  • EMA 100: 101,700

  • EMA 200: 101,000

  • EMA 400: 100,500


4hr Timeframe:

  • EMA 50: 102,600

  • EMA 100: 102,200

  • EMA 200: 101,900

  • EMA 400: 101,500


RSI Divergence

  • Bullish Divergence observed on the 4hr timeframe, indicating a potential upward movement.


Order Blocks

  • Unfilled Buy Order Block at 101,800 suggests strong support.



MACD

  • Bullish Crossover on the daily timeframe, indicating upward momentum.



Weekly & Daily Pivots

Weekly Pivots:

  • S3: 99,500

  • S2: 100,800

  • S1: 101,500

Daily Pivots:

  • R2: 103,500

  • R1: 102,800

  • PP: 102,200

  • S1: 101,700

  • S2: 101,200


mind map summarizing the BTCUSD Daily Analysis by K9 Investments Trading

💡 BTCUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


📊 Key Levels Summary:

Indicator

Level

Daily Support

101,800, 101,200

Daily Resistance

103,500, 104,000

EMA 50 (Daily)

102,300

EMA 50 (4hr)

102,600

Weekly Pivot S3

99,500

Daily Pivot R2

103,500

Fibonacci 61.8%

102,500


📈 Fundamental Analysis and USD News:

  • Upcoming Event: Federal Reserve Interest Rate Decision (Dec 11, 2024)

  • Impact on Bitcoin (BTCUSD): A potential rate hike could strengthen the USD, impacting Bitcoin prices negatively.



📑 FAQs:

  1. Why is K9 Investments the best signal provider? K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and ebooks.

  2. Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend:

  3. How do I get started with trading? Get FREE Signals: Get Signals🥇 Learn More About K9Investments: About Us Start with 💡 Level 1 Forex Trading Educational Videos: Level 1 Videos

  4. What is the best time frame for trading Bitcoin (BTCUSD)? Both daily and 4hr timeframes are effective, depending on your trading strategy.

  5. Can I trade Bitcoin (BTCUSD) with a small account? Yes, with proper risk management and leverage understanding.

  6. How often are trading signals updated? Signals are updated intraday, based on market conditions.

  7. Do you offer VIP or Premium signals? Yes, for more information, contact us via WhatsApp

  8. What is Smart Money Concept (SMC) in trading? A strategy focusing on institutional trading patterns to predict market movements.



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