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BTCUSD Daily Market Analysis—January 8, 2025 by K9 Investments Trading

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Current Market Overview

As of today, the live market price of Bitcoin (BTC) is $96,253 USD. This analysis aims to provide two actionable intraday trading setups based on this price level.


Market Analysis

Support & Resistance Levels

Analyzing the daily and 4-hour timeframes reveals key support and resistance levels that traders should monitor:

  • Daily Support Levels:

    • $95,600

    • $95,200

    • $94,800

  • Daily Resistance Levels:

    • $97,500

    • $98,000

    • $98,500

  • 4-Hour Support Levels:

    • $95,800

    • $95,400

    • $95,000

  • 4-Hour Resistance Levels:

    • $97,200

    • $97,600

    • $98,000

Fibonacci Retracement Levels

Utilizing Fibonacci retracement levels can provide insight into potential reversal points. The daily swing levels indicate:

  • Key Fibonacci Levels:

    • 23.6% at $96,800

    • 38.2% at $96,200

    • 61.8% at $95,600

EMA Analysis

Exponential Moving Averages (EMAs) are crucial for identifying trends:

  • Daily EMA Levels:

    • 50 EMA: $96,000

    • 100 EMA: $95,500

    • 200 EMA: $94,800

    • 400 EMA: $93,500

  • 4-Hour EMA Levels:

    • 50 EMA: $96,200

    • 100 EMA: $95,800

    • 200 EMA: $95,400

    • 400 EMA: $95,000

RSI Divergence

The Relative Strength Index (RSI) indicates overbought or oversold conditions. Currently, the RSI is hovering around 55, suggesting a neutral market. Watch for divergence signals to confirm potential reversals.

Order Blocks

Identifying order blocks helps in understanding where significant buying or selling has occurred. Key order blocks are forming around the support and resistance levels mentioned earlier.

MACD Analysis

The Moving Average Convergence Divergence (MACD) is currently showing a bullish crossover, indicating potential upward momentum. This aligns with our buy setup at the specified levels.

Fundamental Analysis and Upcoming USD News

Keep an eye on upcoming USD news that may impact BTCUSD:

  • Upcoming Events:

    • Federal Reserve interest rate decision

    • Non-Farm Payroll data release

These events could lead to increased volatility in the BTCUSD market.

Here’s the mind map for the BTCUSD Daily Analysis on January 8, 2025, by K9 Investments Trading:

💡 BTCUSD Daily Analysis Summary by K9 Investments Trading

For more insights, connect with us on WhatsApp here and join our FREE Telegram Channel: @K9_Investments_GoldTrading.

Key Levels Summary

  • Daily Support Levels: $95,600, $95,200, $94,800

  • Daily Resistance Levels: $97,500, $98,000, $98,500

  • 4-Hour Support Levels: $95,800, $95,400, $95,000

  • 4-Hour Resistance Levels: $97,200, $97,600, $98,000

  • EMA Levels (Daily): 50 EMA: $96,000, 100 EMA: $95,500, 200 EMA: $94,800, 400 EMA: $93,500

  • EMA Levels (4-Hours): 50 EMA: $96,200, 100 EMA: $95,800, 200 EMA: $95,400, 400 EMA: $95,000

  • Weekly Pivots: $96,500, $97,000, $97,500

  • Daily Pivots: $96,000, $96,500, $97,000

  • Fibonacci Levels: 23.6% at $96,800, 38.2% at $96,200, 61.8% at $95,600

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.

Frequently Asked Questions (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.

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  2. Which brokers are trusted for Gold Forex Crypto trading? We recommend the following brokers based on client feedback:

  3. What are the best strategies for trading BTCUSD? Focus on technical analysis, using indicators like EMA and Fibonacci levels for effective entry and exit points.

  4. How can I receive free trading signals? Join our FREE Telegram Channel: @K9_Investments_GoldTrading for real-time updates and signals.

  5. Is trading BTCUSD risky? Yes, trading cryptocurrencies involves significant risk. Ensure you understand the risks and trade responsibly.

  6. What is the importance of risk management? Proper risk management helps protect your capital and ensures long-term trading success.

  7. How often should I check the market? Regularly monitor the market, especially before and after major news events.

  8. What educational resources does K9 Investments offer? We provide various resources, including Level 1 Forex Trading Educational Videos and articles.

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