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Intraday Signals
Buy Signal
Trade Entry: 104,800 USD
Stop Loss: 104,500 USD
Take Profit 1: 105,200 USD
Take Profit 2: 105,600 USD
Sell Signal
Trade Entry: 104,600 USD
Stop Loss: 104,900 USD
Take Profit 1: 104,200 USD
Take Profit 2: 103,800 USD
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.
Market Analysis
Current Market Overview
As of today, the Bitcoin (BTC) market is trading at 104,730 USD. The analysis will focus on daily and 4-hour time frames, utilizing various technical indicators to provide a comprehensive view of potential market movements.
Support & Resistance Levels
Daily Time Frame
Support Levels: 104,500 USD, 104,200 USD, 103,800 USD
Resistance Levels: 105,000 USD, 105,500 USD, 106,000 USD
4-Hour Time Frame
Support Levels: 104,600 USD, 104,400 USD, 104,200 USD
Resistance Levels: 105,000 USD, 105,300 USD, 105,600 USD
Fibonacci Retracement Levels
Using the recent swing high and swing low:
23.6%: 105,200 USD
38.2%: 105,000 USD
61.8%: 104,600 USD
Exponential Moving Averages (EMA)
Daily Time Frame
EMA 50: 104,800 USD
EMA 100: 104,500 USD
EMA 200: 104,200 USD
EMA 400: 103,800 USD
4-Hour Time Frame
EMA 50: 104,900 USD
EMA 100: 104,700 USD
EMA 200: 104,400 USD
EMA 400: 104,200 USD
RSI Divergence
The RSI on the daily chart is currently at 55, indicating a neutral market. However, there has been a slight divergence observed, suggesting potential upward momentum if the price breaks above 105,000 USD.
Order Blocks
Recent order blocks indicate strong buying interest around 104,500 USD, which aligns with our support levels. This could provide a solid entry point for buyers.
MACD Analysis
The MACD shows a bullish crossover, indicating potential upward momentum. The histogram is currently positive, supporting the buy signals outlined above.
Summary
💡 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals – WhatsApp Us
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Key Levels
Daily & 4-Hour Support and Resistance
Daily Support: 104,500 USD
Daily Resistance: 105,000 USD
4-Hour Support: 104,600 USD
4-Hour Resistance: 105,000 USD
Exponential Moving Average (EMA) Levels
Daily EMA Levels:
50: 104,800 USD
100: 104,500 USD
200: 104,200 USD
400: 103,800 USD
4-Hour EMA Levels:
50: 104,900 USD
100: 104,700 USD
200: 104,400 USD
400: 104,200 USD
Weekly Pivots
Pivot Point: 104,900 USD
Resistance Levels: 105,300 USD, 105,600 USD
Support Levels: 104,600 USD, 104,300 USD
Daily Pivots
Pivot Point: 104,800 USD
Resistance Levels: 105,200 USD, 105,400 USD
Support Levels: 104,600 USD, 104,400 USD
Fibonacci Retracement Levels
23.6%: 105,200 USD
38.2%: 105,000 USD
61.8%: 104,600 USD
Fundamental Analysis
📈 Upcoming important USD news includes the Federal Reserve's interest rate decision and inflation reports. These events could significantly impact the BTCUSD market, potentially leading to increased volatility.
FAQs
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What is the best time frame for trading Bitcoin?
Many traders prefer the 4-hour and daily time frames for Bitcoin trading, as they provide a good balance between risk and reward.
How does market analysis help in trading?
Market analysis helps traders understand market trends, identify potential opportunities, and make informed trading decisions.
Can beginners benefit from trading signals?
Absolutely! Trading signals can provide valuable insights and guidance for beginners, helping them navigate the complexities of the Forex market.
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