BTCUSD Daily Market Analysis— 30 Dec, 2024 by K9 Investments Trading

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Current Market Overview

As of the current live market price of 93,518 USD, Bitcoin (BTCUSD) continues to attract the attention of traders worldwide. The cryptocurrency market remains volatile, and understanding the key levels and indicators is crucial for making informed trading decisions.

Intraday Signals

Buy Signal

• Trade Entry: 93,600 USD

• Stop Loss: 93,200 USD

• Take Profit 1: 94,000 USD

• Take Profit 2: 94,500 USD
  

Sell Signal

• Trade Entry: 93,400 USD

• Stop Loss: 93,700 USD

• Take Profit 1: 93,000 USD

• Take Profit 2: 92,500 USD
  

Disclaimer

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.

Market Analysis

Support & Resistance Levels

On the daily timeframe, the support level for Bitcoin is identified at 93,200 USD, while resistance is observed at 94,500 USD. For the 4-hour timeframe, support is at 93,400 USD, and resistance is at 93,800 USD.

Fibonacci Retracement Levels

Using the Fibonacci retracement tool, we can identify potential reversal points. The 38.2% level is at 93,600 USD, while the 61.8% level is positioned at 93,200 USD.

Exponential Moving Averages (EMA)

• Daily Time Frame:

  • EMA 50: 93,800 USD

  • EMA 100: 93,300 USD

  • EMA 200: 92,800 USD

  • EMA 400: 92,500 USD
    

• 4-Hour Time Frame:

  • EMA 50: 93,600 USD

  • EMA 100: 93,400 USD

  • EMA 200: 93,200 USD

  • EMA 400: 92,900 USD
    

RSI Divergence

The Relative Strength Index (RSI) indicates potential overbought or oversold conditions. Currently, an RSI divergence suggests that there may be a reversal soon, especially if the price approaches the 93,200 USD support level.

Order Blocks

Identifying order blocks can provide insights into where institutions have placed significant buy or sell orders. The recent order block is observed around 93,500 USD, indicating potential buying interest.

MACD Analysis

The Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting upward momentum. Traders should watch for confirmation of this signal before entering long positions.

💡 BTCUSD Daily Analysis Summary by K9 Investments Trading – WhatsApp

Key Levels

• Daily Support: 93,200 USD

• Daily Resistance: 94,500 USD

• 4-Hour Support: 93,400 USD

• 4-Hour Resistance: 93,800 USD
  

Exponential Moving Averages (EMA)

• Daily EMA Levels:

  • EMA 50: 93,800 USD

  • EMA 100: 93,300 USD

  • EMA 200: 92,800 USD

  • EMA 400: 92,500 USD
    

• 4-Hour EMA Levels:

  • EMA 50: 93,600 USD

  • EMA 100: 93,400 USD

  • EMA 200: 93,200 USD

  • EMA 400: 92,900 USD
    

Weekly and Daily Pivots

• Weekly Pivots:

  • Pivot 1: 93,800 USD

  • Pivot 2: 94,000 USD

  • Pivot 3: 94,500 USD
    

• Daily Pivots:

  • Pivot 1: 93,600 USD

  • Pivot 2: 93,400 USD

  • Pivot 3: 93,200 USD
    

Fibonacci Retracement Levels

• Daily Swing Levels:

  • 38.2%: 93,600 USD

  • 61.8%: 93,200 USD
    

Fundamental Analysis and Upcoming USD News

📈 Upcoming important USD news events, such as employment data and interest rate decisions, could significantly impact the Bitcoin market. Traders should stay alert for these announcements as they can lead to increased volatility in the BTCUSD pair.

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8. What should I consider when trading Bitcoin?

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