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Intraday Trading Signals for (BTCUSD)
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Here are two highly accurate BTCUSD intraday signals based on Fibonacci retracement levels and strong daily support & resistance levels.
Signal 1: Buy BTCUSD
Trade Entry: 61000
Stop Loss: 60500
Take Profit 1: 61500
Take Profit 2: 62000
📊 Reason: Price approaching strong support at 61000, confirmed by 61.8% Fibonacci retracement and RSI divergence indicating a potential bullish reversal.
Signal 2: Sell BTCUSD
Trade Entry: 62200
Stop Loss: 62700
Take Profit 1: 61700
Take Profit 2: 61200
📊 Reason: BTCUSD facing resistance at 62200, backed by a confluence of 50% Fibonacci retracement and MACD bearish cross.
Disclaimer: Not a Financial Advice. Trade at your own Risk. Take Partial Profits, Strictly Use Stop Loss and Use Proper Risk Management.
🛠️ Technical Market Analysis for BTCUSD (Daily & 4hr Timeframes)
Support & Resistance Levels
Daily Support: 61000, 60500
Daily Resistance: 62200, 62800
4-Hour Support: 61150, 60750
4-Hour Resistance: 62000, 62500
Fibonacci Retracement Levels
61.8%: 61000
50%: 62200
23.6%: 62800
The 61.8% level is a strong support zone, where a potential bullish reversal could happen. On the upside, 50% retracement aligns with the current resistance zone at 62200.
EMA (Exponential Moving Averages)
Daily EMA (50/100/200/400):
EMA 50: 61500
EMA 100: 61000
EMA 200: 60300
EMA 400: 59000
4-Hour EMA (50/100/200/400):
EMA 50: 61800
EMA 100: 61300
EMA 200: 60800
EMA 400: 60000
BTCUSD is currently trading below the 50-day EMA on both daily and 4-hour timeframes, which indicates bearish momentum. However, a break above 61800 could trigger a bullish trend.
RSI Divergence
The RSI on the 4-hour timeframe is showing a bullish divergence, as the price made lower lows while RSI showed higher lows. This indicates a potential upward reversal.
Order Blocks
The most recent bullish order block is seen around 61000, while the bearish order block lies at 62200.
MACD
The MACD on the 4-hour chart has crossed below its signal line, suggesting a continuation of the downtrend unless BTCUSD finds support at key levels.
🔍BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals
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BTCUSD is showing mixed signals as it approaches critical Fibonacci and support zones. Traders should be cautious, keeping an eye on USD news and market volatility.
Key Daily Support: 61000
Key Daily Resistance: 62200
EMA Levels: Price remains under EMA 50 and 100, signaling potential bearish continuation unless broken.
Weekly Pivots:
Pivot Point: 61600
R1: 62000
S1: 61000
Daily Pivots:
Pivot Point: 61550
R1: 61900
S1: 61100
📈 USD News Impacting BTCUSD
This week, watch out for the U.S. Non-Farm Payrolls report scheduled for release on October 6th. This high-impact event can trigger significant volatility in the BTCUSD market. An increase in job creation typically strengthens the USD, which could push BTCUSD lower, while a weaker-than-expected report may boost BTCUSD.
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2. Which brokers are trusted for Gold Forex Crypto trading? We recommend brokers like
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4. Are the signals offered suitable for beginner traders?
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5. How accurate are Kohinoor's trading signals?
Our signals are based on thorough technical analysis using indicators like Fibonacci, EMAs, and support & resistance levels to ensure high accuracy.
6. What types of assets do Kohinoor signals cover? We cover a range of assets including Gold (XAUUSD), Bitcoin (BTCUSD), EURUSD, and major Forex pairs.
7. What is the best strategy for Bitcoin trading?
For Bitcoin trading, combining technical analysis with fundamental news gives the best results. Visit our educational section for Bitcoin trading strategies.
8. Can I use these signals on any trading platform? Yes, you can apply our signals on any trading platform or broker such as Vantage or Exness.
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