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Current Market Overview
As of today, the live price of Bitcoin (BTCUSD) stands at 97,150 USD. This analysis aims to provide clear intraday trading signals based on various technical indicators, including Fibonacci Retracement Levels, EMA, RSI divergence, and more.
Market Analysis
Support & Resistance Levels
Daily Support Levels:
96,500 USD
96,000 USD
95,500 USD
Daily Resistance Levels:
97,500 USD
98,000 USD
98,500 USD
4-Hour Support Levels:
96,700 USD
96,400 USD
96,100 USD
4-Hour Resistance Levels:
97,300 USD
97,600 USD
97,900 USD
Fibonacci Retracement Levels
Using the recent swing high and low, the key Fibonacci levels are:
23.6%: 96,800 USD
38.2%: 96,300 USD
61.8%: 95,800 USD
Exponential Moving Averages (EMA)
Daily EMA Levels:
EMA 50: 96,700 USD
EMA 100: 96,400 USD
EMA 200: 95,800 USD
EMA 400: 95,200 USD
4-Hour EMA Levels:
EMA 50: 97,000 USD
EMA 100: 96,900 USD
EMA 200: 96,600 USD
EMA 400: 96,300 USD
RSI Divergence
The RSI currently shows a bullish divergence, indicating potential upward momentum. Traders should monitor this closely for confirmation.
Order Blocks
Recent order blocks indicate strong buying interest around the 96,500 USD level, suggesting it may act as a significant support zone.
MACD Analysis
The MACD is currently showing a bullish crossover, reinforcing the potential for upward movement in Bitcoin prices.
Summary of Key Levels
💡 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals – WhatsApp
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Key Levels:
Daily Support & Resistance:
Support: 96,500, 96,000, 95,500
Resistance: 97,500, 98,000, 98,500
4-Hour Support & Resistance:
Support: 96,700, 96,400, 96,100
Resistance: 97,300, 97,600, 97,900
Exponential Moving Average (EMA) Levels:
Daily: 96,700 (50), 96,400 (100), 95,800 (200), 95,200 (400)
4-Hour: 97,000 (50), 96,900 (100), 96,600 (200), 96,300 (400)
Weekly Pivots:
Pivot: 96,800, Resistance: 97,200, Support: 96,300
Daily Pivots:
Pivot: 96,600, Resistance: 97,000, Support: 96,200
Fibonacci Levels: 96,800, 96,300, 95,800
Fundamental Analysis and USD News
📈 Upcoming important USD news this week includes the release of the Consumer Price Index (CPI) data, which could significantly impact the BTCUSD market. A higher-than-expected inflation rate may lead to increased demand for Bitcoin as a hedge against inflation.
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.
FAQs
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Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend brokers like:
How do I start trading Bitcoin? To start trading Bitcoin, open an account with a trusted broker, deposit funds, and begin analyzing market trends.
What is the best time to trade Bitcoin? The best time to trade Bitcoin is during the overlap of the London and New York sessions for maximum volatility.
Can I trade Bitcoin on weekends? Yes, Bitcoin can be traded 24/7, including weekends.
What are the risks involved in Bitcoin trading? Bitcoin trading carries risks such as market volatility and leverage. Always use proper risk management.
How can I learn more about trading? Kohinoor Free VIP Signals offers educational resources, including ebooks and articles. Learn More.
What are the benefits of using a signal provider? Signal providers offer expert insights and trade suggestions, helping traders make informed decisions.
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