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Current Market Overview
As of today, the live market price of BTCUSD is $96,075. In this analysis, we will provide two clear and actionable intraday trading setups based on the current market conditions.
Market Analysis
Support & Resistance Levels
On the daily and 4-hour timeframes, identifying support and resistance levels is crucial for making informed trading decisions.
Daily Support Levels:
$95,000
$94,500
Daily Resistance Levels:
$97,000
$98,000
4-Hour Support Levels:
$95,500
$96,000
4-Hour Resistance Levels:
$97,000
$97,500
Fibonacci Retracement Levels
Utilizing Fibonacci retracement levels helps identify potential reversal points in the market. Current daily swing levels indicate:
23.6% Level: $95,500
38.2% Level: $96,000
61.8% Level: $97,000
Exponential Moving Averages (EMA)
The EMA is a vital indicator for trend-following strategies.
Daily EMA Levels:
EMA 50: $95,800
EMA 100: $96,200
EMA 200: $96,500
EMA 400: $96,800
4-Hour EMA Levels:
EMA 50: $95,900
EMA 100: $96,100
EMA 200: $96,300
EMA 400: $96,600
RSI Divergence
The Relative Strength Index (RSI) is currently showing a divergence, indicating potential overbought or oversold conditions. Monitor the RSI closely for signals of a reversal.
Order Blocks
Identifying order blocks can provide insight into where institutional traders may have placed significant buy or sell orders. Key order blocks can be found around:
$95,500 (buy zone)
$97,500 (sell zone)
MACD Analysis
The MACD indicator is currently bullish, suggesting that upward momentum may continue. However, watch for potential crossovers that could signal a change in trend.
Summary
💡 BTCUSD Daily Analysis Summary by K9 Investments Trading – Contact Us 🥇 Join our FREE Telegram Channel: @K9_Investments_GoldTrading
Key Levels
Daily Support and Resistance:
Support: $95,000, $94,500
Resistance: $97,000, $98,000
4-Hour Support and Resistance:
Support: $95,500, $96,000
Resistance: $97,000, $97,500
Exponential Moving Averages:
Daily: EMA 50: $95,800, EMA 100: $96,200, EMA 200: $96,500, EMA 400: $96,800
4-Hour: EMA 50: $95,900, EMA 100: $96,100, EMA 200: $96,300, EMA 400: $96,600
Weekly Pivots:
$95,000, $96,000, $97,000
Daily Pivots:
$95,500, $96,500, $97,500
Fibonacci Levels:
Key levels are at $95,500, $96,000, and $97,000.
Fundamental Analysis and USD News
📈 Upcoming important USD news includes the Federal Reserve's interest rate decision and employment reports. These events can significantly impact the BTCUSD market, making it essential for traders to stay informed.
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. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
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