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BTCUSD Daily Market Analysis—December 12, 2024 by K9 Investments Trading

Writer's picture: K9 InvestmentsK9 Investments

Updated: 3 days ago

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Current Market Overview

As of the latest market data, Bitcoin (BTCUSD) is trading at 100,932 USD. This analysis aims to provide traders with actionable insights and strategies based on current market conditions.


Intraday Signals

Signal 1: Buy Setup

  • Trade Entry: 100,950 USD

  • Stop Loss: 100,700 USD

  • Take Profit 1: 101,300 USD

  • Take Profit 2: 101,600 USD


Signal 2: Sell Setup

  • Trade Entry: 100,800 USD

  • Stop Loss: 101,050 USD

  • Take Profit 1: 100,500 USD

  • Take Profit 2: 100,200 USD


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 current market environment, identifying key support and resistance levels is crucial for making informed trading decisions.

  • Daily Support Levels:

    • 100,700 USD

    • 100,500 USD

    • 100,300 USD

  • Daily Resistance Levels:

    • 101,200 USD

    • 101,400 USD

    • 101,600 USD

Fibonacci Retracement Levels

Using Fibonacci retracement levels, we can identify potential reversal points in the market:

  • Daily Swing Levels:

    • 101,200 USD (23.6%)

    • 100,950 USD (38.2%)

    • 100,500 USD (61.8%)

EMA Analysis

Exponential Moving Averages (EMAs) provide insights into market trends:

  • Daily EMA Levels:

    • EMA 50: 100,800 USD

    • EMA 100: 100,600 USD

    • EMA 200: 100,400 USD

    • EMA 400: 100,200 USD

  • 4-Hour EMA Levels:

    • EMA 50: 100,900 USD

    • EMA 100: 100,700 USD

    • EMA 200: 100,500 USD

    • EMA 400: 100,300 USD

RSI Divergence

The Relative Strength Index (RSI) can indicate potential reversals. Currently, the RSI shows a divergence, suggesting a possible trend reversal or continuation.

Order Blocks

Identifying order blocks can help traders understand where institutional buying and selling has occurred, providing potential entry and exit points.

MACD Analysis

The MACD (Moving Average Convergence Divergence) is currently showing bullish momentum, indicating a potential upward movement in BTCUSD.

the mind map summarizing the BTCUSD Daily Analysis for December 12, 2024

Summary

💡 BTCUSD Daily Analysis Summary by K9 Investments Trading – WhatsApp Us 🥇 Join our FREE Telegram Channel: @K9_Investments_GoldTrading

📊 Key Levels:

  • Daily Support and Resistance:

    • Support: 100,700 USD, 100,500 USD, 100,300 USD

    • Resistance: 101,200 USD, 101,400 USD, 101,600 USD

  • Exponential Moving Average (EMA) Levels:

    • Daily:

      • EMA 50: 100,800 USD

      • EMA 100: 100,600 USD

      • EMA 200: 100,400 USD

      • EMA 400: 100,200 USD

    • 4-Hour:

      • EMA 50: 100,900 USD

      • EMA 100: 100,700 USD

      • EMA 200: 100,500 USD

      • EMA 400: 100,300 USD

  • Weekly Pivots:

    • 101,000 USD

    • 100,850 USD

    • 100,700 USD

  • Daily Pivots:

    • 100,900 USD

    • 100,750 USD

    • 100,600 USD

  • Fibonacci Levels:

    • 101,200 USD (23.6%)

    • 100,950 USD (38.2%)

    • 100,500 USD (61.8%)

Fundamental Analysis and Upcoming USD News

📈 Keep an eye on upcoming USD news, as it can significantly impact the Bitcoin market. Key economic indicators such as inflation rates, employment data, and Federal Reserve announcements are crucial in shaping market sentiment.

FAQs

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    We recommend a mix of technical and fundamental analysis to guide trading decisions.

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