🟡 BTCUSD Daily Market Analysis—8 December 25 by K9 Investments Trading

K9 Investments
6 days ago
3 min read

Current Market Overview

As of today, the live market price of Bitcoin (BTCUSD) is 91165 USD. This analysis aims to provide a detailed examination of the market using various technical indicators on both daily and 4-hour time frames.

Market Analysis

Support & Resistance Levels

Identifying support and resistance levels is essential for traders. On the daily time frame, the following levels are crucial:

Daily Support Levels:
- Level 1: 90000 USD
- Level 2: 88500 USD
- Level 3: 87000 USD
Daily Resistance Levels:
- Level 1: 92000 USD
- Level 2: 93000 USD
- Level 3: 94000 USD

On the 4-hour time frame, the levels are as follows:

4-hour Support Levels:
- Level 1: 90500 USD
- Level 2: 89500 USD
- Level 3: 89000 USD
4-hour Resistance Levels:
- Level 1: 91500 USD
- Level 2: 92500 USD
- Level 3: 93500 USD

Fibonacci Retracement Levels

Utilizing Fibonacci retracement can help in identifying potential reversal points. The daily swing levels indicate:

Key Fibonacci levels at 23.6%, 38.2%, and 61.8% from the recent high of 94000 USD to the low of 85000 USD, providing traders with essential insights into potential support and resistance.

Exponential Moving Averages (EMA)

The EMA is a critical tool for trend analysis. Based on the current live market price of 91165 USD, the EMA values are:

Daily Time Frame:
- EMA 50: 90500 USD
- EMA 100: 90000 USD
- EMA 200: 89500 USD
- EMA 400: 89000 USD
4-hour Time Frame:
- EMA 50: 91000 USD
- EMA 100: 90500 USD
- EMA 200: 89500 USD
- EMA 400: 89000 USD

RSI Divergence

The Relative Strength Index (RSI) is currently indicating a divergence, suggesting potential overbought conditions. Traders should be cautious and watch for reversals when the RSI moves above 70.

Order Blocks

Identifying order blocks can provide insights into where institutional traders are placing their orders. Recent order blocks are found around the 89500-91000 USD range, indicating strong buying interest.

MACD Analysis

The Moving Average Convergence Divergence (MACD) indicator is currently bullish, with the MACD line above the signal line, suggesting upward momentum in the market.

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 & Resistance:
- Support: 90000, 88500, 87000 USD
- Resistance: 92000, 93000, 94000 USD
EMA Levels:
- Daily: 50 (90500), 100 (90000), 200 (89500), 400 (89000)
- 4-hour: 50 (91000), 100 (90500), 200 (89500), 400 (89000)
Weekly Pivots:
- Pivot: 91165 USD
- Resistance: 92000, 92500 USD
- Support: 89500, 88500 USD
Daily Pivots:
- Pivot: 91165 USD
- Resistance: 91500, 92000 USD
- Support: 90500, 90000 USD
Fibonacci Levels:
- 23.6%: 91750 USD
- 38.2%: 91000 USD
- 61.8%: 89500 USD

Fundamental Analysis

📈 Upcoming USD news to monitor includes the Federal Reserve's interest rate decision and inflation reports, which could significantly impact the BTCUSD market. Traders should stay informed as these events approach.

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Conclusion

In conclusion, the current analysis of Bitcoin (BTCUSD) at a live market price of 91165 USD highlights essential insights for traders navigating this volatile cryptocurrency market. By examining key support and resistance levels, Fibonacci retracement points, and various technical indicators such as EMA, RSI, MACD, and order blocks, traders can make informed decisions to enhance their trading strategies.