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Intraday Signals
Buy Signal
Trade Entry: 97960 USD
Stop Loss: 97800 USD
Take Profit 1: 98100 USD
Take Profit 2: 98250 USD
Sell Signal
Trade Entry: 97850 USD
Stop Loss: 97950 USD
Take Profit 1: 97700 USD
Take Profit 2: 97550 USD
Risk Warning:Â 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.
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Market Analysis
Overview
As of today, Bitcoin (BTC) is trading at 97954 USD. This market analysis will delve into various indicators, including Fibonacci Retracement Levels, EMA, RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support & Resistance Levels, Order Blocks, and MACD.
Support & Resistance Levels
Daily Support Levels:
97500 USD
97300 USD
97000 USD
Daily Resistance Levels:
98200 USD
98500 USD
99000 USD
Fibonacci Retracement Levels
Using the recent swing high and low, the key Fibonacci levels are:
38.2% Level: 97900 USD
50% Level: 98000 USD
61.8% Level: 98100 USD
EMA Levels
Daily Time Frame
50 EMA: 97850 USD
100 EMA: 97600 USD
200 EMA: 97400 USD
400 EMA: 97000 USD
4-Hour Time Frame
50 EMA: 97900 USD
100 EMA: 97800 USD
200 EMA: 97650 USD
400 EMA: 97500 USD
RSI Divergence
The current RSI indicates a potential divergence, suggesting that the price movement may not be supported by momentum, which could lead to a reversal in the near term.
Order Blocks
Identifying key order blocks can provide insight into where institutional buying or selling might occur. The notable order block is around 97800 USD, which has previously shown strong buying interest.
MACD Analysis
The MACD is currently in a bullish crossover, indicating potential upward momentum. However, traders should remain cautious as the market is near resistance levels.
Summary
BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals – Join Us
FREE Telegram Channel:Â @Kohinoorfreevipgoldforexsignals
Key Levels
Daily Support Levels: 97500 USD, 97300 USD, 97000 USD
Daily Resistance Levels: 98200 USD, 98500 USD, 99000 USD
Exponential Moving Average (EMA) Levels
Daily Time Frame:
50 EMA: 97850 USD
100 EMA: 97600 USD
200 EMA: 97400 USD
400 EMA: 97000 USD
4-Hour Time Frame:
50 EMA: 97900 USD
100 EMA: 97800 USD
200 EMA: 97650 USD
400 EMA: 97500 USD
Weekly Pivots
Pivot 1: 98000 USD
Pivot 2: 98200 USD
Pivot 3: 98400 USD
Daily Pivots
Pivot 1: 97900 USD
Pivot 2: 98050 USD
Pivot 3: 98150 USD
Fibonacci Levels
38.2%: 97900 USD
50%: 98000 USD
61.8%: 98100 USD
Fundamental Analysis and USD News
📈 Upcoming important USD news includes the Non-Farm Payroll (NFP) report, which could significantly impact the BTCUSD market. Traders should be aware of how these economic indicators might affect market volatility.
FAQs
1.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.💎 Free Gold Forex Trading Ebooks💡 Free Kohinoor Free VIP Signals Education Articles & Blog
2.Which brokers are trusted for Gold Forex Crypto trading?
Based on client feedback, we recommend brokers like:
3.What are the benefits of using trading signals?
Trading signals provide insights into market trends, helping traders make informed decisions, minimize risks, and maximize profits.
4.How can I improve my trading skills?
Improving trading skills involves continuous education, practicing strategies, and utilizing resources like Level 1 Forex Trading Educational Videos.
5.What is the best time to trade Bitcoin?
The best time to trade Bitcoin often coincides with high volatility periods, typically during major market openings and economic news releases.
6.How do I manage risk in trading?
Effective risk management includes setting stop-loss orders, diversifying your portfolio, and only risking a small percentage of your capital on each trade.
7.Can I trade Bitcoin on weekends?
Yes, Bitcoin can be traded 24/7, including weekends, unlike traditional stock markets.
8.How does market sentiment affect Bitcoin trading?
Market sentiment can significantly influence Bitcoin prices, with positive news often leading to price increases and negative news causing declines.
9.What tools can help me in trading?
Utilizing charting software, trading platforms, and economic calendars can enhance trading strategies and decision-making.
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