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Current BTCUSD Market Overview
As of today, the BTCUSD market is live at $94,349. With the cryptocurrency market constantly evolving, traders are keen to identify key levels for potential trading opportunities. This analysis will delve into intraday trading signals based on various technical indicators, including Fibonacci retracement levels, EMAs, RSI divergence, and more.
Intraday Signals
Buy Signal
Entry: $94,200
Stop Loss: $93,800
Take Profit 1: $94,800
Take Profit 2: $95,200
Sell Signal
Entry: $94,600
Stop Loss: $95,000
Take Profit 1: $94,000
Take Profit 2: $93,500
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.
BTCUSD Intraday Signals by Kohinoor Free VIP Signals - Join Us Here
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Detailed Market Analysis
Support & Resistance Levels
On the daily timeframe, BTCUSD has established solid support around $93,800 and resistance at $95,200. These levels are critical as they help traders identify potential entry and exit points.
Daily Time Frame
Support Levels: $93,800, $93,500, $93,200
Resistance Levels: $95,200, $95,600, $96,000
4-Hour Time Frame
Support Levels: $94,000, $93,800, $93,600
Resistance Levels: $94,800, $95,000, $95,400
Fibonacci Retracement Levels
Using the latest swing high and low, the daily Fibonacci levels are as follows:
Key Levels:
23.6%: $94,700
38.2%: $94,200
61.8%: $93,500
Exponential Moving Averages (EMA)
On the daily timeframe, the current EMA levels are:
EMA 50: $94,000
EMA 100: $93,500
EMA 200: $92,800
EMA 400: $92,300
For the 4-hour timeframe:
EMA 50: $94,300
EMA 100: $94,000
EMA 200: $93,800
EMA 400: $93,500
RSI Divergence
The RSI currently shows a divergence on the daily chart, indicating a potential reversal in the price movement. Traders should be cautious and look for confirmation before making any trades.
Order Blocks
Recent order blocks have been identified around the $94,000 mark, suggesting a strong buying interest at this level.
MACD Analysis
The MACD indicator is currently showing bullish momentum, which could support the buy signal provided earlier. Traders should monitor this closely for any changes.
BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals – Contact Us
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Key Levels
Daily Support and Resistance:
Support: $93,800
Resistance: $95,200
EMA Levels (Daily)
EMA 50: $94,000
EMA 100: $93,500
EMA 200: $92,800
EMA 400: $92,300
EMA Levels (4-Hour)
EMA 50: $94,300
EMA 100: $94,000
EMA 200: $93,800
EMA 400: $93,500
Weekly Pivots:
Pivot Point: $94,000
Resistance: $95,200
Support: $93,800
Daily Pivots:
Pivot Point: $94,100
Resistance: $94,500
Support: $93,700
Fibonacci Levels:
23.6%: $94,700
38.2%: $94,200
61.8%: $93,500
Fundamental Analysis and USD News
Upcoming USD news includes the Non-Farm Payroll report and inflation data, which could significantly impact the BTCUSD market. Traders should stay informed about these events as they may lead to increased volatility.
Frequently Asked Questions (FAQs)
Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers not only FREE signals but also educational resources, daily market analysis, and ebooks.
Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend brokers like:
What are the benefits of using trading signals? Trading signals provide insights and recommendations based on market analysis, helping traders make informed decisions.
How can I improve my trading skills? Utilize educational resources, attend webinars, and practice with demo accounts to enhance your trading skills.
What is the best time to trade BTCUSD? The best time to trade BTCUSD is during high volatility periods, typically during major market sessions.
Can I use your signals for other cryptocurrencies? Yes, our signals can be adapted for various cryptocurrencies, including Ethereum and Litecoin.
What is the importance of risk management in trading? Risk management is crucial to protect your capital and ensure long-term trading success.
How often do you provide trading signals? We provide trading signals daily, ensuring you have the latest market insights.
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