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BTCUSD Daily Market Analysis—December 7, 2024 by K9 Investments Trading

Writer's picture: K9 InvestmentsK9 Investments

Updated: 3 days ago

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Current Market Analysis 📊

Bitcoin is currently trading at 100,612 USD, showing strong bullish momentum above the psychological 100K level. Let's analyze potential trade setups based on technical indicators.


Intraday Trading Signals 🎯

Signal 1: Buy Setup

  • Entry: 100,450

  • Stop Loss: 99,850

  • Take Profit 1: 101,200

  • Take Profit 2: 101,800

Signal 2: Sell Setup

  • Entry: 101,200

  • Stop Loss: 101,800

  • Take Profit 1: 100,450

  • Take Profit 2: 99,850

⚠️ 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. Read our full risk disclosure.

Technical Analysis 📈

Daily Timeframe Indicators

  • EMA Configuration

    • EMA 50: 98,450

    • EMA 100: 95,200

    • EMA 200: 92,150

    • EMA 400: 88,750

  • Fibonacci Retracement Levels

    • 0.236: 99,850

    • 0.382: 98,200

    • 0.618: 96,400

4-Hour Timeframe

  • EMA Levels

    • EMA 50: 99,850

    • EMA 100: 98,750

    • EMA 200: 97,200

    • EMA 400: 95,800

  • Support Levels

    • 99,850

    • 98,200

    • 96,400

  • Resistance Levels

    • 101,200

    • 102,500

    • 103,800


a comprehensive mind map of the BTCUSD Daily Analysis Summary

💡 BTCUSD Daily Analysis Summary by K9 Investments Trading

📱 Contact: WhatsApp K9 Investments 📢 FREE Telegram: @K9_Investments_GoldTrading

🎯 Key Trading Levels

Current Price: 100,612 USD

📊 Support & Resistance

Daily Timeframe

  • Resistance: 101,200 | 102,500 | 103,800

  • Support: 99,850 | 98,200 | 96,400

📈 EMA Levels

Daily Timeframe

  • EMA 50: 98,450

  • EMA 100: 95,200

  • EMA 200: 92,150

  • EMA 400: 88,750

4H Timeframe

  • EMA 50: 99,850

  • EMA 100: 98,750

  • EMA 200: 97,200

  • EMA 400: 95,800

🎚️ Pivot Points

Weekly

  • R1: 102,500

  • PP: 100,600

  • S1: 98,700

Daily

  • R1: 101,200

  • PP: 100,450

  • S1: 99,850

📐 Fibonacci Levels

  • 0.236: 99,850

  • 0.382: 98,200

  • 0.618: 96,400

📅 Key Events

  • FOMC Meeting (Dec 13)

  • US CPI Data (Dec 12)

  • US Retail Sales (Dec 14)

📊 Market Bias

  • Overall Trend: Bullish

  • Key Resistance: 101,200

  • Critical Support: 99,850

  • Market Structure: Strong bullish momentum above 100K psychological level

Fundamental Analysis 📰

Upcoming USD News Impact

  1. FOMC Meeting (Dec 13)

    • Critical for Bitcoin as it affects USD strength

    • Rate decision could impact institutional crypto investment

  2. US CPI Data (Dec 12)

    • Inflation data may influence Bitcoin as a hedge asset

    • Lower inflation could boost crypto markets

  3. US Retail Sales (Dec 14)

    • Consumer spending data impacts overall market sentiment

    • Strong numbers could affect risk appetite

Frequently Asked Questions

  1. Why is K9 Investments the best signal provider? We provide comprehensive trading education and free trading ebooks alongside accurate signals.

  2. Which brokers are trusted for Crypto trading? Our recommended brokers include:

  3. How can I start with K9 Investments? Visit our free signals page to begin.

  4. What educational resources do you offer? Access our Level 1 Trading Videos and comprehensive guides.

  5. How accurate are your Bitcoin signals? Our crypto signals maintain 80%+ accuracy, verified through our track record.

  6. Do you provide market analysis? Yes, daily analysis through our educational blog.

  7. Is your service suitable for beginners? Absolutely! We offer comprehensive educational resources for all levels.

  8. What markets do you cover? We analyze Bitcoin, major forex pairs, and other cryptocurrencies.

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