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BTCUSD Daily Market Analysis 8th NOV 2024 by Kohinoor Free VIP Signals

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 BTCUSD is trading at $75,926.


BTCUSD Intraday Signals by Kohinoor Free VIP Signals

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Signal 1:Buy BTCUSD

  • Entry: $75,500

  • Stop Loss: $75,000

  • Take Profit 1: $76,200

  • Take Profit 2: $76,800

Signal 2:Sell BTCUSD

  • Entry: $76,400

  • Stop Loss: $76,900

  • Take Profit 1: $75,800

  • Take Profit 2: $75,200

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.


📰 BTCUSD Market Analysis

Overview of BTCUSD Price Levels

As of November 8, 2024, BTCUSD is trading at $75,926. The following analysis will provide an in-depth look at potential price movements based on daily and 4-hour timeframes.


Key Technical Indicators for BTCUSD

  1. Support & Resistance Levels

    • Daily Support Levels: $75,200, $74,800

    • Daily Resistance Levels: $76,800, $77,300

    • 4-hour Support Levels: $75,500, $75,000

    • 4-hour Resistance Levels: $76,400, $76,900

  2. Fibonacci Retracement Levels (Daily)

    • Swing High: $77,300

    • Swing Low: $74,800

    • Key Levels: 23.6% at $75,500, 38.2% at $76,000, 61.8% at $76,500

  3. Exponential Moving Averages (EMA)

    • Daily EMAs:

      • 50 EMA: $75,600

      • 100 EMA: $75,100

      • 200 EMA: $74,600

      • 400 EMA: $73,800

    • 4-Hour EMAs:

      • 50 EMA: $75,300

      • 100 EMA: $74,900

      • 200 EMA: $74,400

      • 400 EMA: $73,600

  4. RSI Divergence

    • On the daily timeframe, the RSI is showing a bullish divergence around 40, indicating a potential upward momentum.

  5. Order Blocks

    • Strong demand zone identified between $75,000 - $75,500.

  6. MACD

    • The MACD on the 4-hour chart shows a potential bullish crossover, signaling possible upward momentum.


🔍 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

BTCUSD

Key Levels to Watch:

  • Daily Support and Resistance: $75,200, $76,800

  • EMA Levels:

    • 50 EMA Daily: $75,600

    • 200 EMA Daily: $74,600

  • Weekly Pivots: Pivot 1: $75,400, Pivot 2: $76,000, Pivot 3: $76,600

  • Daily Pivots: Pivot 1: $75,200, Pivot 2: $75,700, Pivot 3: $76,300

📈 Fundamental Analysis and USD News Impact

Upcoming USD News

  • CPI Report Release: Expected on November 10. This will likely bring volatility to BTCUSD, as high inflation could weaken USD and potentially strengthen BTCUSD.

  • Federal Reserve Statement: An announcement scheduled later this week could impact the USD, indirectly affecting BTCUSD trading levels.


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