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🟡 BTCUSD Daily Market Analysis—May 2, 2025 by K9 Investments Trading

  • Writer: K9 Investments
    K9 Investments
  • May 2
  • 3 min read

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Current Market Overview

As of today, the live market price of BTCUSD is 97,019 USD. This analysis will provide a comprehensive overview of the Bitcoin market using various technical indicators, helping traders make informed decisions.

Market Analysis

Support & Resistance Levels

Understanding support and resistance levels is crucial for trading strategies. Here are the key levels based on both daily and 4-hour time frames:

  • Daily Support Levels:

    • Level 1: 95,000 USD

    • Level 2: 93,500 USD

    • Level 3: 92,000 USD

  • Daily Resistance Levels:

    • Level 1: 98,500 USD

    • Level 2: 100,000 USD

    • Level 3: 102,000 USD

  • 4-Hour Support Levels:

    • Level 1: 96,500 USD

    • Level 2: 95,800 USD

    • Level 3: 95,000 USD

  • 4-Hour Resistance Levels:

    • Level 1: 97,500 USD

    • Level 2: 98,200 USD

    • Level 3: 99,000 USD

Fibonacci Retracement Levels

Fibonacci retracement levels are essential for identifying potential reversal points. Based on the recent daily swing high and low, the key Fibonacci levels are:

  • Daily Fibonacci Levels:

    • 23.6% Retracement: 97,500 USD

    • 38.2% Retracement: 96,800 USD

    • 61.8% Retracement: 95,000 USD

Exponential Moving Averages (EMA)

The EMA helps traders gauge market momentum. Below are the EMA levels based on the current market price:

  • Daily Time Frame:

    • EMA 50: 96,500 USD

    • EMA 100: 95,800 USD

    • EMA 200: 94,500 USD

    • EMA 400: 93,000 USD

  • 4-Hour Time Frame:

    • EMA 50: 97,000 USD

    • EMA 100: 96,200 USD

    • EMA 200: 95,500 USD

    • EMA 400: 94,800 USD

RSI Divergence

The Relative Strength Index (RSI) is currently showing a divergence, indicating potential market reversals. A reading above 70 suggests overbought conditions, while below 30 indicates oversold.

Order Blocks

Identifying order blocks can help traders understand where significant buying or selling has occurred. Recent order blocks can be observed around the support and resistance levels mentioned above.

MACD Analysis

The Moving Average Convergence Divergence (MACD) indicates the strength of the trend. Currently, the MACD line is above the signal line, suggesting bullish momentum.

Fundamental Analysis and Upcoming USD News

Keeping an eye on upcoming USD news is essential for understanding its impact on the BTCUSD market. This week, the following events are noteworthy:

  • Non-Farm Payrolls Report: Anticipated to show employment growth, affecting USD strength.

  • Consumer Price Index (CPI) Data: Expected to provide insights into inflation, influencing Bitcoin prices.


    Here’s a mind map based on the BTCUSD Daily Analysis for May 2, 2025

Summary

💡 BTCUSD Daily Analysis Summary by K9 Investments Trading

For more insights, contact us via WhatsApp here or join our FREE Telegram Channel @K9_Investments_GoldTrading here.

Key Levels

  • Daily Support and Resistance:

    • Support: 95,000, 93,500, 92,000 USD

    • Resistance: 98,500, 100,000, 102,000 USD

  • Exponential Moving Averages:

    • Daily: EMA 50 (96,500), EMA 100 (95,800), EMA 200 (94,500), EMA 400 (93,000)

    • 4-Hour: EMA 50 (97,000), EMA 100 (96,200), EMA 200 (95,500), EMA 400 (94,800)

  • Weekly Pivots:

    • Pivot Point: 96,500 USD

    • Support: 95,000, 93,500 USD

    • Resistance: 98,500, 100,000 USD

  • Daily Pivots:

    • Pivot Point: 97,000 USD

    • Support: 96,800, 96,500 USD

    • Resistance: 98,200, 99,000 USD

  • Fibonacci Levels:

    • 23.6% (97,500), 38.2% (96,800), 61.8% (95,000)

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Disclaimer

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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