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BTCUSD Intraday Signals by Kohinoor Free VIP Signals
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📉 Signal 1: BTCUSD Sell
Trade Entry: 66,500 USD
Stop Loss: 67,100 USD
Take Profit 1: 65,800 USD
Take Profit 2: 65,000 USD
📈 Signal 2: BTCUSD Buy
Trade Entry: 66,900 USD
Stop Loss: 66,200 USD
Take Profit 1: 67,500 USD
Take Profit 2: 68,100 USD
Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Only trade with money you can afford to lose. Ensure you understand the risks and seek independent advice if necessary. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
📊 BTCUSD Daily and 4-hour Technical Market Analysis
1. Fibonacci Retracement Levels
On the daily timeframe, BTCUSD shows a strong pullback after reaching a high of 67,300 USD. Using Fibonacci retracement levels:
23.6% level: 66,000 USD
38.2% level: 65,500 USD
50% level: 65,100 USD
The retracement levels are key for setting up buy and sell trades today. Look for strong bounces at these levels before taking a position.
2. Exponential Moving Averages (EMA)
BTCUSD's movement is hovering around key EMA levels, which provide dynamic support and resistance.
Daily EMA Levels:
EMA 50: 66,300 USD
EMA 100: 65,200 USD
EMA 200: 62,800 USD
EMA 400: 59,600 USD
4-hour EMA Levels:
EMA 50: 66,600 USD
EMA 100: 65,700 USD
EMA 200: 63,900 USD
EMA 400: 60,500 USD
In the short-term, prices are likely to be influenced by the 50-period EMA on both timeframes, which acts as immediate support/resistance.
3. RSI Divergence
On the 4-hour timeframe, RSI indicates a hidden bullish divergence. The RSI is currently around 52, suggesting neutral conditions but a potential upward momentum if BTCUSD bounces from current support levels. Look for a break above 60 RSI for stronger bullish confirmation.
4. Order Blocks & Smart Money Concepts (SMC)
Daily order block: The last bullish candle before the downward push is located at 66,400–66,600 USD. This is likely to act as a strong support zone.
4-hour order block: Positioned between 65,500–65,800 USD, which is expected to act as a short-term resistance area.
5. MACD Analysis
The MACD on the daily timeframe is close to crossing above the signal line, which could signal a potential bullish reversal. A confirmed MACD crossover above the zero line may offer a strong buy signal.
On the 4-hour chart, the MACD line is flattening out, which suggests that momentum is stabilizing but could swing either way based on price action at key levels.
6. Support & Resistance Levels
Daily Support: 65,500 USD
Daily Resistance: 67,000 USD
4-hour Support: 65,800 USD
4-hour Resistance: 66,900 USD
📈 Weekly and Daily Pivots
Weekly Pivots:
Pivot Point: 66,200 USD
Resistance 1: 67,100 USD
Support 1: 65,500 USD
Daily Pivots:
Pivot Point: 66,600 USD
Resistance 1: 67,200 USD
Support 1: 66,000 USD
📉 Fundamental Analysis and USD News Impact
🔔 Upcoming USD Events:
US GDP Growth Rate (expected later this week): This will provide a clearer direction for USD pairs, including BTCUSD. Any positive data can strengthen the dollar, potentially leading to a pullback in BTCUSD prices.
FOMC Meeting Minutes: Traders will keep an eye on Federal Reserve policies regarding interest rates. A hawkish stance could add bearish pressure on BTCUSD.
💡 BTCUSD Daily Market Summary
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🔹 Support and Resistance: Key daily levels are at 65,500 USD (support) and 67,000 USD (resistance).
🔹 EMA Levels: On the daily timeframe, EMA 50 is at 66,300 USD, offering immediate support, while on the 4-hour timeframe, EMA 50 is at 66,600 USD.
🔹 Fibonacci Levels: Watch for retracement levels around 65,500 USD (38.2%) and 66,000 USD (23.6%) as potential turning points.
🔹 RSI and MACD: RSI divergence suggests an upcoming bullish movement, while the MACD crossover could confirm this trend.
🔹 Weekly and Daily Pivots: Look for potential buy and sell trades around the pivot levels mentioned earlier.
FAQs
1. Why is Kohinoor Free VIP Signals the best signal provider?
Kohinoor Free VIP Signals not only offers FREE trading signals, but also provides educational resources and daily market analysis. Traders get access to free trading ebooks at Kohinoor Free VIP Signals Education. 💎 Get FREE Signals https://www.freevipforexgoldsignals.com/all-brokers-info-summary💡 Learn More About Kohinoor Free VIP Signals https://www.freevipforexgoldsignals.com/about-kohinoor-vip-signals
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2. Which brokers are trusted for Gold Forex Crypto trading?
Based on client feedback, we recommend brokers like:
3. What are the benefits of BTCUSD signals?
BTCUSD signals offer timely trade setups, helping traders capitalize on profitable opportunities with clear entries, exits, and risk management.
4. How accurate are Fibonacci retracement levels in BTCUSD?
Fibonacci retracement levels are highly reliable in identifying potential support and resistance zones in BTCUSD, making them valuable for intraday trading.
5. How does EMA help in intraday trading?
The Exponential Moving Average (EMA) smooths out price fluctuations and helps traders identify trends, making it useful for intraday entries and exits.
6. Can I use Kohinoor Free VIP Signals for crypto trading?
Yes, Kohinoor Free VIP Signals offers signals for crypto trading, including BTCUSD, alongside Forex and Gold trading setups.
7. What is RSI divergence and how does it impact BTCUSD?
RSI divergence occurs when price and RSI move in opposite directions, signaling potential trend reversals in BTCUSD, which traders can use for better entry points.
8. Is MACD a reliable indicator for BTCUSD trading?
Yes, MACD is effective in detecting trend direction and momentum changes in BTCUSD, helping traders make informed decisions.
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