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🟡 BTCUSD Daily Market Analysis—May 8, 2025 by K9 Investments Trading
- K9 Investments
- May 8
- 3 min read
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Current Market Overview
As of today, the live market price of BTCUSD is $99,334. In this analysis, we will explore the daily and 4-hour time frames using various indicators to provide a comprehensive understanding of the market dynamics.
Market Analysis
Support & Resistance Levels
Understanding support and resistance levels is crucial for predicting potential price movements.
Daily Support Levels:
Level 1: $98,500
Level 2: $98,800
Level 3: $99,000
Daily Resistance Levels:
Level 1: $99,800
Level 2: $100,000
Level 3: $100,500
4-Hour Support Levels:
Level 1: $99,200
Level 2: $99,400
Level 3: $99,600
4-Hour Resistance Levels:
Level 1: $99,600
Level 2: $99,800
Level 3: $100,200
Fibonacci Retracement Levels
Utilizing Fibonacci retracement levels allows us to identify potential reversal points in the market. The daily swing levels are as follows:
Fibonacci Levels:
23.6%: $98,900
38.2%: $99,200
61.8%: $99,600
Exponential Moving Averages (EMA)
The EMAs provide insight into the market trends over different periods.
Daily EMAs:
EMA 50: $99,000
EMA 100: $98,700
EMA 200: $98,200
EMA 400: $97,800
4-Hour EMAs:
EMA 50: $99,300
EMA 100: $99,000
EMA 200: $98,800
EMA 400: $98,500
RSI Divergence
The Relative Strength Index (RSI) indicates potential overbought or oversold conditions. Currently, the RSI is at 70, suggesting that BTCUSD may be nearing overbought territory.
Order Blocks
Order blocks represent areas where significant buying or selling has occurred. The following order blocks have been identified:
Buy Order Block: $99,000 - $99,200
Sell Order Block: $99,800 - $100,000
MACD Analysis
The Moving Average Convergence Divergence (MACD) is currently bullish, indicating that the momentum is favoring upward price movement.
Summary
💡 BTCUSD Daily Analysis Summary by K9 Investments Trading – WhatsApp
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Key Levels
Daily Support and Resistance:
Support: $98,500, $98,800, $99,000
Resistance: $99,800, $100,000, $100,500
4-Hour Support and Resistance:
Support: $99,200, $99,400, $99,600
Resistance: $99,600, $99,800, $100,200
Exponential Moving Averages:
Daily: EMA 50: $99,000, EMA 100: $98,700, EMA 200: $98,200, EMA 400: $97,800
4-Hour: EMA 50: $99,300, EMA 100: $99,000, EMA 200: $98,800, EMA 400: $98,500
Weekly Pivots:
Pivot 1: $99,000
Pivot 2: $99,400
Pivot 3: $99,800
Daily Pivots:
Pivot 1: $99,200
Pivot 2: $99,400
Pivot 3: $99,600
Fibonacci Retracement Levels:
23.6%: $98,900
38.2%: $99,200
61.8%: $99,600
Fundamental Analysis and Upcoming USD News
📈 Upcoming important USD news includes the Non-Farm Payrolls report and CPI data release, which are expected to significantly impact the BTCUSD market. Traders should stay informed as these events can lead to increased volatility.
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