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BTCUSD Daily Market Analysis—March 24, 2025 by K9 Investments Trading
- K9 Investments
- Mar 24
- 3 min read
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The current live market price of Bitcoin (BTCUSD) is 86,890 USD. In today's analysis, we will delve into the daily and 4-hour time frames, utilizing various indicators such as Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support & Resistance Levels, Order Blocks, and MACD to guide our trading decisions.
Market Overview
Bitcoin continues to be a focal point for traders and investors worldwide. Understanding the market dynamics is essential for making informed decisions. Today, we will analyze the key indicators that may influence BTCUSD's price movement.
Support & Resistance Levels
Identifying support and resistance levels is crucial for effective trading strategies.
Daily Support Levels:
85,500
84,800
84,200
Daily Resistance Levels:
87,500
88,200
89,000
4-Hour Support Levels:
86,200
85,900
85,600
4-Hour Resistance Levels:
87,000
87,800
88,000
Fibonacci Retracement Levels
Fibonacci retracement levels can help identify potential reversal points in the market. Based on today's swing high and low, the key levels are:
Daily Levels:
23.6% at 86,500
38.2% at 85,900
50% at 85,200
Exponential Moving Averages (EMA)
The EMA provides insights into the trend direction.
Daily Time Frame:
50 EMA: 86,300
100 EMA: 85,800
200 EMA: 85,000
400 EMA: 84,200
4-Hour Time Frame:
50 EMA: 86,700
100 EMA: 86,200
200 EMA: 85,900
400 EMA: 85,500
RSI Divergence
The Relative Strength Index (RSI) indicates whether Bitcoin is overbought or oversold. Currently, the RSI shows divergence, suggesting potential price reversals.
Order Blocks
Identifying order blocks helps traders understand where institutional players are placing their orders. Key order blocks are located around the support and resistance levels mentioned above.
MACD Analysis
The MACD indicator is useful for spotting potential buy and sell signals. Currently, the MACD line is above the signal line, indicating a bullish trend.
Summary of Key Levels
💡 BTCUSD Daily Analysis Summary by K9 Investments Trading – WhatsApp Us 🥇 Join our FREE Telegram Channel: @K9_Investments_GoldTrading
Key Levels:
Daily Support: 85,500, 84,800, 84,200
Daily Resistance: 87,500, 88,200, 89,000
4-Hour Support: 86,200, 85,900, 85,600
4-Hour Resistance: 87,000, 87,800, 88,000
EMA Levels (Daily):
50 EMA: 86,300
100 EMA: 85,800
200 EMA: 85,000
400 EMA: 84,200
EMA Levels (4-Hour):
50 EMA: 86,700
100 EMA: 86,200
200 EMA: 85,900
400 EMA: 85,500
Weekly Pivots: 86,000, 87,500, 88,000
Daily Pivots: 86,300, 87,200, 87,800
Fibonacci Levels:
23.6%: 86,500
38.2%: 85,900
50%: 85,200
Fundamental Analysis and USD News
📈 This week, important USD news includes potential changes in interest rates by the Federal Reserve, which could significantly impact the BTCUSD market. Traders should stay informed about these developments as they can lead to increased volatility.
Disclaimer
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.
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