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BTCUSD Daily Market Analysis 2nd December 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

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Current Price: $96,935


Intraday BTCUSD Trading Signals by Kohinoor Free VIP Signals

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Signal 1:

  • Action: Buy

  • Entry Point: $96,750

  • Stop Loss: $96,200

  • Take Profit 1: $97,500

  • Take Profit 2: $98,200

Signal 2:

  • Action: Sell

  • Entry Point: $97,600

  • Stop Loss: $98,000

  • Take Profit 1: $96,800

  • Take Profit 2: $96,200

Risk Warning: Trading Forex and CFDs carries a high level of risk. Only trade with money you can afford to lose. Seek professional advice if needed.


Market Analysis

Daily Time Frame Overview

Support & Resistance Levels

  • Support Levels:

    • $96,500

    • $96,000

  • Resistance Levels:

    • $97,800

    • $98,500

Fibonacci Retracement Levels (Daily Swing)

  • Swing High: $98,500

  • Swing Low: $95,500

  • Key Levels:

    • 23.6%: $96,750

    • 38.2%: $97,000

    • 61.8%: $97,500

Exponential Moving Averages (EMAs)

  • Daily EMA Values:

    • EMA 50: $96,100

    • EMA 100: $95,800

    • EMA 200: $95,500

    • EMA 400: $94,000

MACD & RSI Analysis

  • MACD: Bullish crossover signals potential upside momentum.

  • RSI (14): Neutral at 52, with a possible divergence forming near resistance.

4-Hour Time Frame Insights

Key Support & Resistance Levels

  • Support Levels:

    • $96,200

    • $95,800

  • Resistance Levels:

    • $97,200

    • $97,900

Fibonacci Retracement Levels

  • Swing High: $97,800

  • Swing Low: $96,200

  • Key Levels:

    • 23.6%: $97,300

    • 38.2%: $97,000

    • 61.8%: $96,700

EMA Values (4-Hour)

  • EMA 50: $97,200

  • EMA 100: $97,000

  • EMA 200: $96,800

  • EMA 400: $96,500

Smart Money Concepts (SMC)

  • Order Blocks: Bearish order block observed at $97,900, acting as a resistance level.

Pivot Levels

  • Weekly Pivots:

    • R1: $98,000

    • Pivot: $96,800

    • S1: $95,500

  • Daily Pivots:

    • R1: $97,500

    • Pivot: $96,750

    • S1: $96,000

Fundamental Analysis

Upcoming USD News Impacting BTCUSD

📆 Key Event: Non-Farm Payrolls (NFP) on Friday.

  • Impact: Volatility expected; traders should monitor market sentiment.

  • Strategy: Tighten stop losses around news release times for better risk management.

💡BTCUSD Daily Analysis Summary Analysis

🥇 Join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

BTCUSD
  • Current Price: $96,935

  • EMA Levels (Daily):

    • EMA 50: $96,100

    • EMA 100: $95,800

    • EMA 200: $95,500

  • EMA Levels (4-Hour):

    • EMA 50: $97,200

    • EMA 100: $97,000

    • EMA 200: $96,800

  • Fibonacci Key Levels:

    • Daily 61.8%: $97,500

    • 4-Hour 61.8%: $96,700


FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider?

Kohinoor Free VIP Signals offers FREE accurate signals, educational resources, daily analysis, and premium insights.


2.Which brokers are trusted for trading?

Trusted brokers include:

3.What is the best time to trade BTCUSD?

The best time to trade BTCUSD is during high liquidity periods, such as the overlap of the London and New York sessions.


4.How accurate are Kohinoor Free VIP Signals?

Our signals boast over 95% accuracy, making them one of the most reliable in the market.


5.Can beginners use BTCUSD signals?

Yes, Kohinoor Free VIP Signals are beginner-friendly and come with detailed trade setups and risk management guidelines.


6.How do I join the Kohinoor Free VIP Signals Telegram Channel?

Simply search for @Kohinoorfreevipgoldforexsignals on Telegram or visit 👉 https://www.freevipforexgoldsignals.com.


7.How do Fibonacci levels help in BTCUSD trading?

Fibonacci levels identify potential support and resistance zones, enabling better entry and exit points in volatile BTCUSD markets.


8.Why should I use Kohinoor Free VIP Signals for BTCUSD trading?

We provide FREE signals, expert market analysis, and educational resources, making trading simpler and more profitable.



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