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BTCUSD Daily Market Analysis—December 23, 2024 by Kohinoor Free VIP Signals

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Intraday Trading Signals

Signal 1: Buy Signal

  • Trade Entry: 96180 USD

  • Stop Loss: 95900 USD

  • Take Profit 1: 96450 USD

  • Take Profit 2: 96650 USD

Signal 2: Sell Signal

  • Trade Entry: 96180 USD

  • Stop Loss: 96300 USD

  • Take Profit 1: 95800 USD

  • Take Profit 2: 95600 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

Overview

The BTCUSD market is currently trading at 96180 USD, showing volatility as it reacts to both technical indicators and fundamental news. This analysis aims to provide insights using various indicators such as Fibonacci Retracement Levels, EMA, RSI divergence, and more.


Support & Resistance Levels

  • Daily Support Levels: 95500 USD, 95800 USD, 96000 USD

  • Daily Resistance Levels: 96500 USD, 96700 USD, 97000 USD

  • 4-Hour Support Levels: 96000 USD, 95850 USD, 95700 USD

  • 4-Hour Resistance Levels: 96400 USD, 96550 USD, 96750 USD

Fibonacci Retracement Levels

Utilizing the Fibonacci tool on the daily chart, key retracement levels are observed:

  • 23.6%: 96400 USD

  • 38.2%: 96100 USD

  • 50%: 95900 USD

Exponential Moving Average (EMA)

  • Daily EMA Levels:

    • 50 EMA: 96400 USD

    • 100 EMA: 96150 USD

    • 200 EMA: 95900 USD

    • 400 EMA: 95600 USD

  • 4-Hour EMA Levels:

    • 50 EMA: 96200 USD

    • 100 EMA: 96000 USD

    • 200 EMA: 95800 USD

    • 400 EMA: 95750 USD

RSI Divergence

The Relative Strength Index (RSI) indicates a divergence, suggesting potential reversals. Currently, the RSI is at 45, hinting at a neutral stance.

Order Blocks

Key order blocks are identified around 96000 USD, suggesting this level could act as strong support or resistance in the near future.

MACD Analysis

The MACD line is currently above the signal line, indicating bullish momentum. However, caution is advised as the histogram shows signs of weakening momentum.


the mind map based on the BTCUSD Daily Analysis Summary you provided

BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals – WhatsApp Us

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Key Levels Summary

  • Daily Support: 95500 USD, 95800 USD, 96000 USD

  • Daily Resistance: 96500 USD, 96700 USD, 97000 USD

  • 4-Hour Support: 96000 USD, 95850 USD, 95700 USD

  • 4-Hour Resistance: 96400 USD, 96550 USD, 96750 USD

Exponential Moving Average (EMA) Levels

  • Daily:

    • 50 EMA: 96400 USD

    • 100 EMA: 96150 USD

    • 200 EMA: 95900 USD

    • 400 EMA: 95600 USD

  • 4-Hour:

    • 50 EMA: 96200 USD

    • 100 EMA: 96000 USD

    • 200 EMA: 95800 USD

    • 400 EMA: 95750 USD

Weekly Pivots

  • 1st Level: 96400 USD

  • 2nd Level: 96500 USD

  • 3rd Level: 96700 USD

Daily Pivots

  • 1st Level: 96000 USD

  • 2nd Level: 96100 USD

  • 3rd Level: 96200 USD

Fibonacci Levels

  • 23.6%: 96400 USD

  • 38.2%: 96100 USD

  • 50%: 95900 USD

Fundamental Analysis and Upcoming USD News

📈 Upcoming USD news includes the Federal Reserve's interest rate decision, which could significantly impact BTCUSD prices. Traders should watch for inflation reports and employment data that could influence market sentiment.

FAQs

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  4. How can I join Kohinoor Free VIP Signals? You can join our free Telegram channel @Kohinoorfreevipgoldforexsignals for daily updates and signals.

  5. What types of trading education does Kohinoor offer? We offer a range of educational resources, including free ebooks and articles on trading strategies and market analysis.

  6. Are there any costs associated with Kohinoor Free VIP Signals? Our signals and educational resources are provided for free to help traders succeed.

  7. How often are signals updated? Signals are updated regularly based on market conditions to ensure they are relevant and actionable.

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