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Current Market Overview
At present, BTCUSD is trading around $60,670 as Bitcoin continues to experience volatile movements ahead of significant USD economic news releases. Using technical indicators such as Fibonacci retracement, EMA, RSI divergence, and key support/resistance levels, here are two intraday trading signals.
🎯Intraday Signals for BTCUSD https://www.freevipforexgoldsignals.com 🥇 Join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
1. Buy Signal:
Entry: $60,500
Stop Loss: $60,000
Take Profit 1: $61,000
Take Profit 2: $61,500
2. Sell Signal:
Entry: $60,900
Stop Loss: $61,300
Take Profit 1: $60,400
Take Profit 2: $59,800
📢 Disclaimer:Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Please ensure you fully understand the risks and seek independent advice if necessary. Not Financial Advice.
🔍BTCUSD Technical Market Analysis
Key Levels (Daily & 4-Hour Timeframes)
Daily Support: $60,200
Daily Resistance: $61,200
4-Hour Support: $60,500
4-Hour Resistance: $60,900
📊 Exponential Moving Averages (EMAs)
Daily Time Frame:
EMA 50: $59,850
EMA 100: $59,600
EMA 200: $58,500
EMA 400: $57,000
4-Hour Time Frame:
EMA 50: $60,500
EMA 100: $60,100
EMA 200: $59,800
EMA 400: $58,900
🔗 Fibonacci Retracement Levels (Daily)
The daily Fibonacci retracement levels reveal strong confluence at key swing points:
61.8% Retracement: $60,200
50% Retracement: $60,600
38.2% Retracement: $61,000
💹 Indicators Breakdown
RSI Divergence: On the 4-hour chart, RSI signals bullish divergence, suggesting possible upward movement.
Order Blocks: There is a visible order block around the $60,500 level, acting as significant intraday support.
MACD: On the daily time frame, MACD is about to cross over, indicating potential bullish momentum.
Fundamental Analysis: Upcoming USD News
This week, traders should keep a close eye on U.S. CPI Data and FOMC Minutes, both of which are expected to impact USD liquidity. BTCUSD traders should prepare for potential volatility during these announcements, as Bitcoin often correlates with USD movement.
💎Daily Analysis Summary For free live setups, visit https://www.freevipforexgoldsignals.com.
🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
Key Levels Recap:
Daily Support: $60,200 | Daily Resistance: $61,200
4-Hour Support: $60,500 | 4-Hour Resistance: $60,900
EMA 50 (Daily): $59,850 | EMA 200 (Daily): $58,500
Weekly Pivot Levels: $60,400, $60,900, $61,500
Daily Pivot Levels: $60,670, $61,000, $60,200
🧐 FAQs
1. Why is Kohinoor Free VIP Signals the best signal provider?
Kohinoor Free VIP Signals offers FREE daily market analysis, trade setups, and educational resources, making it the ideal choice for traders.
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2. Which brokers are trusted for Gold Forex Crypto trading?
Based on client feedback, the following brokers are trusted for their reliability and competitive spreads:
3. How can I get free Forex trading signals?
Join our FREE Telegram Channel for daily trade setups: @Kohinoorfreevipgoldforexsignals.
4. What makes BTCUSD volatile?
BTCUSD is influenced by major economic events such as USD news and cryptocurrency-specific factors like regulatory news and adoption trends.
5. What is Fibonacci Retracement, and why is it important?
Fibonacci Retracement helps identify potential reversal levels by measuring the retracement of an asset’s movement. This is key in BTCUSD trading strategies.
6. Can I use these signals for other trading pairs?
Yes, Kohinoor Free VIP Signals provide analysis for multiple pairs like XAUUSD, EURUSD, and BTCUSD. Visit https://www.freevipforexgoldsignals.com for more.
7. How does RSI divergence help in predicting price movement?
RSI divergence indicates a potential reversal by comparing price action to the RSI indicator, signaling overbought or oversold conditions.
8. How can I improve my trading knowledge?
Check out our Free Gold Forex Trading Ebooks and educational videos to enhance your skills:💡 Level 1 Forex Trading Educational Videos
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