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The BTCUSD market is currently trading at $71,040
🔹Intraday Signals (BTCUSD) by Kohinoor Free VIP Signals
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📊 Signal 1: Buy BTCUSD
Trade Entry: 70,800 USD
Stop Loss: 70,400 USD
Take Profit 1: 71,500 USD
Take Profit 2: 72,000 USD
📊 Signal 2: Sell BTCUSD
Trade Entry: 71,300 USD
Stop Loss: 71,800 USD
Take Profit 1: 70,700 USD
Take Profit 2: 70,100 USD
Disclaimer:Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Only trade with money you can afford to lose. Always use strict stop losses and proper risk management.
📈 BTCUSD Technical Market Analysis
1. Support & Resistance Levels on Daily and 4-Hour Timeframes
Daily Support: 70,200 USD
Daily Resistance: 71,800 USD
4-Hour Support: 70,500 USD
4-Hour Resistance: 71,400 USD
The BTCUSD market is trading within a tight range, with the current price hovering near the daily resistance level of 71,800 USD. On the downside, a break below 70,500 USD could lead to a bearish momentum.
2. Fibonacci Retracement Levels
Using the daily swing high of 72,400 USD and the swing low of 69,800 USD, we have the following Fibonacci levels:
38.2% Retracement: 71,300 USD
50% Retracement: 71,100 USD
61.8% Retracement: 70,900 USD
These Fibonacci retracement levels align with our intraday signals, offering critical price zones to watch.
3. EMA Levels on Daily and 4-Hour Timeframes
The Exponential Moving Averages (EMA) suggest both short and long-term trends:
Daily EMA Levels:
50 EMA: 69,500 USD
100 EMA: 68,800 USD
200 EMA: 65,500 USD
400 EMA: 61,800 USD
4-Hour EMA Levels:
50 EMA: 70,700 USD
100 EMA: 70,400 USD
200 EMA: 69,800 USD
400 EMA: 66,500 USD
A sustained move above the 50 EMA on both timeframes will likely indicate bullish strength.
4. RSI Divergence
On the 4-hour chart, there is a potential RSI divergence, where the price has formed higher highs while the RSI is showing lower highs. This indicates weakening bullish momentum and the possibility of a reversal in the short term.
5. Order Blocks
A strong bullish order block can be identified around 70,500 USD, and a bearish order block is located near 71,800 USD. These zones will be critical for determining market bias.
6. MACD
The MACD histogram on the 4-hour timeframe is gradually losing bullish momentum, with a possible bearish crossover expected. Traders should monitor for a confirmation to align with intraday sell opportunities.
🔍 Fundamental Analysis and USD News
The upcoming week will see significant USD news events that could impact BTCUSD:
FOMC Statement and Federal Funds Rate (30th Oct) – A potential increase in interest rates could strengthen the USD and put pressure on BTCUSD prices.
US Nonfarm Payrolls (1st Nov) – A robust job report could also contribute to a stronger USD, leading to possible bearish moves for BTCUSD.
Stay updated with market news as it can trigger sudden price swings.
💡BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals
🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
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📊 Key Levels Summary
Daily Support: 70,200 USD
Daily Resistance: 71,800 USD
4-Hour Support: 70,500 USD
4-Hour Resistance: 71,400 USD
Daily EMA Levels:
50 EMA: 69,500 USD
100 EMA: 68,800 USD
200 EMA: 65,500 USD
400 EMA: 61,800 USD
4-Hour EMA Levels:
50 EMA: 70,700 USD
100 EMA: 70,400 USD
200 EMA: 69,800 USD
400 EMA: 66,500 USD
Weekly Pivots:
Resistance 1: 71,500 USD
Support 1: 70,300 USD
Daily Pivots:
Resistance 1: 71,700 USD
Support 1: 70,400 USD
FAQs
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Learn more about our services here: https://www.freevipforexgoldsignals.com/about-kohinoor-vip-signals.
2.Which brokers are trusted for Gold Forex Crypto trading?
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4.Do you offer signals for BTCUSD?
Yes, Kohinoor Free VIP Signals provides daily BTCUSD trade setups, technical analysis, and real-time signals.
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