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Current Market Overview
As of today, the live market price of Bitcoin (BTCUSD) is 98,206 USD. This analysis provides two actionable intraday trading setups to capitalize on market movements.
Comprehensive Market Analysis
Support & Resistance Levels
Analyzing both the daily and 4-hour timeframes, we identify key support and resistance levels:
Daily Support Levels: 97,000 USD, 97,800 USD, 98,200 USD
Daily Resistance Levels: 98,500 USD, 99,000 USD, 99,500 USD
Fibonacci Retracement Levels
Utilizing Fibonacci retracement, we observe significant swing levels:
Daily Swing Low: 95,000 USD
Daily Swing High: 100,000 USD
Exponential Moving Averages (EMA)
The following EMA levels are crucial for both daily and 4-hour timeframes:
Daily EMA Levels:
EMA 50: 97,500 USD
EMA 100: 98,000 USD
EMA 200: 98,500 USD
EMA 400: 99,000 USD
4-Hour EMA Levels:
EMA 50: 97,800 USD
EMA 100: 98,200 USD
EMA 200: 98,600 USD
EMA 400: 99,000 USD
RSI Divergence
Current RSI analysis indicates potential divergence, suggesting that the price may reverse from current levels. Traders should monitor RSI closely for confirmation.
Order Blocks
Identifying order blocks reveals areas of institutional buying and selling:
Buy Order Block: 97,000 USD – 97,500 USD
Sell Order Block: 98,400 USD – 98,800 USD
MACD Analysis
The MACD indicator shows a bullish crossover, indicating potential upward momentum. However, traders should remain cautious of overbought conditions.
Fundamental Analysis and Upcoming USD News
Upcoming USD news events can significantly impact the Bitcoin market. Keep an eye on the following:
Federal Reserve Meeting: Expected discussions on interest rates.
Non-Farm Payrolls: Scheduled for next week, which could influence market sentiment.
BTCUSD Daily Analysis Summary
For real-time updates, contact us on WhatsApp here and join our FREE Telegram Channel @K9_Investments_GoldTrading here.
Key Levels Summary
Daily Support and Resistance:
Support: 97,000 USD, 97,800 USD, 98,200 USD
Resistance: 98,500 USD, 99,000 USD, 99,500 USD
EMA Levels:
Daily: 97,500 USD (50), 98,000 USD (100), 98,500 USD (200), 99,000 USD (400)
4-Hour: 97,800 USD (50), 98,200 USD (100), 98,600 USD (200), 99,000 USD (400)
Weekly Pivots:
Pivot: 98,000 USD
Resistance: 99,000 USD, 99,500 USD
Support: 97,500 USD, 97,000 USD
Fibonacci Levels: Key retracement levels align with daily swing highs and lows.
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.
FAQs
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