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Current Market Overview
As of today, the live market price of BTCUSD is $96,560. This analysis provides two actionable intraday trading setups based on current market conditions, utilizing various technical indicators such as Fibonacci Retracement Levels, EMA, RSI divergence, and more.
Intraday Signals
Signal 1: Buy Setup
Trade Entry: $96,500
Stop Loss: $96,200
Take Profit 1: $96,800
Take Profit 2: $97,000
Signal 2: Sell Setup
Trade Entry: $96,800
Stop Loss: $97,000
Take Profit 1: $96,500
Take Profit 2: $96,300
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
In the daily timeframe, key support levels are positioned at $96,200 and $95,800, while resistance levels are found at $97,000 and $97,500. The 4-hour chart indicates a similar setup, with support at $96,300 and resistance at $96,900.
Fibonacci Retracement Levels
The daily Fibonacci retracement levels show significant levels at:
23.6%: $96,800
38.2%: $96,500
61.8%: $96,200
These levels will guide our trading decisions, especially when combined with other indicators.
Exponential Moving Averages (EMA)
Daily Time Frame
50 EMA: $96,300
100 EMA: $95,800
200 EMA: $95,500
400 EMA: $94,800
4-Hour Time Frame
50 EMA: $96,400
100 EMA: $96,200
200 EMA: $96,000
400 EMA: $95,700
RSI Divergence
The Relative Strength Index (RSI) is currently showing a slight divergence, indicating potential reversal points. A reading above 70 suggests overbought conditions, while below 30 indicates oversold.
Order Blocks
Identifying order blocks on the 4-hour chart reveals strong buying interest around $96,200, which aligns with our support levels. This could provide a solid base for potential buy setups.
MACD Analysis
The MACD indicator is currently in a bullish crossover, suggesting upward momentum in the BTCUSD pair. This supports our buy signal and indicates that the price may continue to rise.
Summary
💡 BTCUSD Daily Analysis Summary by K9 Investments Trading – WhatsApp Us
🥇 FREE Telegram Channel: @K9_Investments_GoldTrading (Join Here)
Key Levels:
Daily Support: $96,200, $95,800
Daily Resistance: $97,000, $97,500
4-Hour Support: $96,300
4-Hour Resistance: $96,900
Exponential Moving Average (EMA) Levels:
Daily:
50 EMA: $96,300
100 EMA: $95,800
200 EMA: $95,500
400 EMA: $94,800
4-Hour:
50 EMA: $96,400
100 EMA: $96,200
200 EMA: $96,000
400 EMA: $95,700
Weekly Pivots:
Pivot Point: $96,500
Resistance: $97,000, $97,500
Support: $96,200, $95,800
Daily Pivots:
Pivot Point: $96,600
Resistance: $97,000, $97,400
Support: $96,200, $95,800
Fibonacci Retracement Levels:
23.6%: $96,800
38.2%: $96,500
61.8%: $96,200
Fundamental Analysis and USD News
📈 Keep an eye on upcoming important USD news, as it can significantly impact the BTCUSD market. Events such as Federal Reserve meetings and employment reports are crucial for traders to watch.
FAQs
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