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Current BTCUSD Market Overview
As of today, the live price of Bitcoin (BTCUSD) stands at 97,191 USD. This analysis will provide you with actionable intraday trading signals based on various technical indicators.
🔍 Comprehensive Market Analysis
Support & Resistance Levels
Daily Support Level: 96,800 USD
Daily Resistance Level: 97,500 USD
4-Hour Support Level: 97,000 USD
4-Hour Resistance Level: 97,400 USD
Fibonacci Retracement Levels
Utilizing the Fibonacci retracement tool on the recent swing high and low, we identify key levels:
23.6% Level: 97,400 USD
38.2% Level: 97,200 USD
61.8% Level: 96,800 USD
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 97,000 USD
EMA 100: 96,800 USD
EMA 200: 96,500 USD
EMA 400: 96,200 USD
4-Hour Time Frame:
EMA 50: 97,200 USD
EMA 100: 97,000 USD
EMA 200: 96,900 USD
EMA 400: 96,700 USD
RSI Divergence
Currently, the RSI is showing a slight divergence, indicating potential reversal points. A reading above 70 suggests overbought conditions, while below 30 indicates oversold conditions.
Order Blocks
Identifying order blocks on the 4-hour chart reveals significant buying interest around 97,000 USD and selling pressure near 97,500 USD.
MACD Analysis
The MACD indicator is currently neutral, with the MACD line crossing the signal line, suggesting indecision in the market.
💡 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals
📊 Key Levels Summary:
Daily Support: 96,800 USD
Daily Resistance: 97,500 USD
4-Hour Support: 97,000 USD
4-Hour Resistance: 97,400 USD
Exponential Moving Average (EMA) Levels
Daily EMA Levels:
EMA 50: 97,000 USD
EMA 100: 96,800 USD
EMA 200: 96,500 USD
EMA 400: 96,200 USD
4-Hour EMA Levels:
EMA 50: 97,200 USD
EMA 100: 97,000 USD
EMA 200: 96,900 USD
EMA 400: 96,700 USD
Weekly Pivots
Resistance 1: 98,000 USD
Support 1: 95,500 USD
Pivot Point: 97,000 USD
Daily Pivots
Resistance: 97,400 USD
Support: 96,900 USD
Pivot Point: 97,200 USD
Fibonacci Levels
23.6% Level: 97,400 USD
38.2% Level: 97,200 USD
61.8% Level: 96,800 USD
Fundamental Analysis
📈 Upcoming important USD news events include inflation reports and employment data, which can significantly impact the BTCUSD market. Keep an eye on these announcements as they may lead to increased volatility in the BTCUSD market today.
Risk Warning
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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What is the best time to trade BTCUSD? The best time to trade BTCUSD is during market hours when both European and U.S. markets are open, typically between 8 AM and 12 PM GMT.
How do I manage risks while trading BTCUSD? Utilize stop-loss orders, take partial profits, and only trade with capital you can afford to lose.
Can I trade BTCUSD with leverage? Yes, many brokers offer leveraged trading options for BTCUSD, allowing you to control larger positions.
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