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As we analyze the current market conditions for BTCUSD, trading at 91,856 USD, we will delve into various technical indicators. This analysis will cover daily and 4-hour time frames using tools like Fibonacci Retracement Levels, EMA, RSI divergence, and more.
Current Market Overview
The cryptocurrency market is highly volatile, making it essential for traders to stay informed. BTCUSD remains a popular trading pair, influenced by economic data and market sentiment.
Technical Indicators Overview
Support & Resistance Levels
Daily Time Frame:
Support Levels: 90,000, 89,000, 88,000
Resistance Levels: 92,000, 93,000, 94,000
4-Hour Time Frame:
Support Levels: 91,000, 90,500, 90,000
Resistance Levels: 92,500, 92,000, 92,800
Fibonacci Retracement Levels
Fibonacci levels help identify potential reversal points. Key levels to consider are:
Daily Swing Levels:
23.6% at 90,500
38.2% at 91,000
61.8% at 92,000
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 91,400
EMA 100: 91,200
EMA 200: 90,800
EMA 400: 90,300
4-Hour Time Frame:
EMA 50: 91,600
EMA 100: 91,300
EMA 200: 90,900
EMA 400: 90,600
RSI Divergence
The Relative Strength Index (RSI) indicates potential overbought or oversold conditions. Currently, the RSI shows a slight divergence, suggesting caution for long positions.
Order Blocks
Key order blocks are forming around 90,500 and 92,000, indicating areas of potential buying and selling pressure.
MACD Analysis
The MACD indicator is showing bullish momentum, supporting a potential upward trend in the short term.
Weekly and Daily Pivots
Weekly Pivots:
Pivot: 91,500
Resistance 1: 92,500
Support 1: 90,500
Daily Pivots:
Pivot: 91,700
Resistance 1: 92,200
Support 1: 91,000
Fundamental Analysis and USD News
📈 Upcoming USD news events that may impact the BTCUSD market include:
Non-Farm Payrolls (NFP) report
Inflation data releases
Federal Reserve interest rate announcements
These economic indicators can significantly influence investor sentiment towards Bitcoin (BTCUSD).
Summary of Key Levels
💡 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals – Contact Us
Key Levels Recap:
Daily Support/Resistance:
Support: 90,000, 89,000, 88,000
Resistance: 92,000, 93,000, 94,000
EMA Levels:
Daily:
50 (91,400), 100 (91,200), 200 (90,800), 400 (90,300)
4-Hour:
50 (91,600), 100 (91,300), 200 (90,900), 400 (90,600)
Weekly Pivots:
Pivot: 91,500, Resistance 1: 92,500, Support 1: 90,500
Daily Pivots:
Pivot: 91,700, Resistance 1: 92,200, Support 1: 91,000
Fibonacci Levels:
Key levels at 90,500, 91,000, and 92,000.
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Conclusion
In conclusion, our daily analysis of BTCUSD reveals critical insights and potential trading opportunities. Stay updated with Kohinoor's Free VIP Signals for the best trading strategies. Remember, the focus keyword for this analysis is BTCUSD.
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