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The BTCUSD market has shown significant price movement today, currently trading at $62,467. Based on technical indicators and market sentiment, here are two actionable intraday trading setups for BTCUSD.
Intraday Signals for BTCUSD www.k9investmentstrading.com 🥇 FREE Telegram Channel: @K9_Investments_GoldTrading
1️⃣ Buy BTCUSD at $62,467
Stop Loss: $61,800
Take Profit 1: $63,200
Take Profit 2: $63,900
2️⃣ Sell BTCUSD at $62,700
Stop Loss: $63,400
Take Profit 1: $62,000
Take Profit 2: $61,500
📉 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. Please ensure you fully understand the risks involved and seek independent advice if necessary. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
🔍 BTCUSD Daily & 4-Hour Market Analysis
Support & Resistance Levels
Daily Support Levels:
$61,500
$60,800
Daily Resistance Levels:
$63,200
$64,000
4-Hour Support Levels:
$62,000
$61,300
4-Hour Resistance Levels:
$63,000
$63,900
Fibonacci Retracement Levels
On the daily timeframe, the key swing levels for BTCUSD align with Fibonacci retracement levels. The price has retraced to the 61.8% level at $62,467, suggesting a potential buying opportunity if the price holds above this level. Watch for retracement to the 50% level at $62,100 and the 38.2% level at $61,700 for added confirmation.
Exponential Moving Averages (EMAs)
On the daily timeframe, BTCUSD is currently trading around the following EMAs:
50 EMA: $62,400
100 EMA: $61,900
200 EMA: $61,200
400 EMA: $60,500
On the 4-hour timeframe, BTCUSD remains above the key moving averages, indicating potential bullish momentum:
50 EMA: $62,350
100 EMA: $61,800
200 EMA: $61,100
400 EMA: $60,300
RSI Divergence
The Relative Strength Index (RSI) on the daily timeframe shows a slight bearish divergence, with higher price highs and lower RSI readings, suggesting possible downward pressure in the near term. A break below the 62,000 level could confirm a stronger correction.
Order Blocks
A key bullish order block is forming near $61,500, and if BTCUSD maintains this level, it may signal renewed buying interest. However, failure to hold this support may push prices lower toward the next order block near $60,800.
MACD
The MACD on the daily chart indicates a mixed sentiment, with the MACD line hovering near the signal line. The histogram shows low momentum, suggesting traders should wait for a clearer breakout above the $63,200 resistance for a bullish continuation.
Weekly & Daily Pivots
Weekly Pivot: $62,400
Resistance 1: $63,200
Support 1: $61,700
Daily Pivot: $62,467
Resistance 1: $63,000
Support 1: $62,000
📈 Fundamental Analysis & USD News
This week, traders should pay attention to key USD news events, including the upcoming FOMC minutes and the CPI inflation report, which are likely to have significant impacts on the BTCUSD pair. If the data points to stronger inflationary pressures, expect the USD to strengthen, potentially causing BTCUSD to decline.
💡 Daily Analysis Summary by K9 Investments Trading
www.k9investmentstrading.com 🥇 FREE Telegram Channel: @K9_Investments_GoldTrading Key Takeaways:
Current BTCUSD price: $62,467
Daily Support: $61,500 / $60,800
Daily Resistance: $63,200 / $64,000
50/100/200/400 EMAs (Daily): $62,400 / $61,900 / $61,200 / $60,500
50/100/200/400 EMAs (4-Hours): $62,350 / $61,800 / $61,100 / $60,300
Fibonacci Retracement Levels: Key levels at 61.8% ($62,467) and 50% ($62,100)
Watch out for the upcoming FOMC minutes and CPI inflation report.
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Yes, K9 Investments provides reliable daily and intraday analysis, focusing on key indicators like Fibonacci, EMAs, RSI, and more.
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