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🟡 BTCUSD Daily Market Analysis—May 1, 2025 by Kohinoor Free VIP Signals
- Kohinoor Free VIP Trading Signals
- May 1
- 4 min read
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Current Market Overview
As of today, the live price of BTCUSD stands at 94,846 USD. This analysis will provide insights into the daily and 4-hour time frames using various technical indicators, including Fibonacci Retracement Levels, EMA, RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support & Resistance Levels, Order Blocks, and MACD.
Market Analysis
Support and Resistance Levels
Identifying key support and resistance levels is crucial for traders. On the daily time frame, the following levels are significant:
Daily Support Levels:
Level 1: 93,500 USD
Level 2: 92,000 USD
Level 3: 90,500 USD
Daily Resistance Levels:
Level 1: 95,500 USD
Level 2: 96,500 USD
Level 3: 97,000 USD
On the 4-hour time frame:
4-Hour Support Levels:
Level 1: 94,000 USD
Level 2: 93,800 USD
Level 3: 93,600 USD
4-Hour Resistance Levels:
Level 1: 95,000 USD
Level 2: 95,300 USD
Level 3: 95,800 USD
Fibonacci Retracement Levels
Using the Fibonacci retracement tool, we can identify potential reversal levels. The daily swing levels indicate:
Retracement Levels:
23.6%: 94,200 USD
38.2%: 93,800 USD
61.8%: 93,200 USD
Exponential Moving Averages (EMA)
The EMAs help in identifying the trend direction. Based on the current price of 94,846 USD, here are the EMA levels:
Daily Time Frame:
EMA 50: 93,500 USD
EMA 100: 93,000 USD
EMA 200: 92,500 USD
EMA 400: 92,000 USD
4-Hour Time Frame:
EMA 50: 94,300 USD
EMA 100: 94,000 USD
EMA 200: 93,800 USD
EMA 400: 93,600 USD
RSI Divergence
The Relative Strength Index (RSI) is currently showing a divergence, indicating potential reversal points. The RSI value is at 65, suggesting that the market is approaching overbought levels.
Order Blocks
Order blocks on the daily time frame are observed at 93,800 USD and 95,000 USD, which may act as significant turning points for price action.
MACD Analysis
The MACD indicator is currently bullish, with the MACD line above the signal line, indicating potential upward momentum in the BTCUSD market.
Summary of Key Levels
💡 BTCUSD Daily Analysis Summary by Kohinoor Free VIP Signals – Contact Us
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Key Levels Recap
Daily Support and Resistance:
Support: 93,500, 92,000, 90,500 USD
Resistance: 95,500, 96,500, 97,000 USD
4-Hour Support and Resistance:
Support: 94,000, 93,800, 93,600 USD
Resistance: 95,000, 95,300, 95,800 USD
EMA Levels:
Daily: 50 (93,500), 100 (93,000), 200 (92,500), 400 (92,000)
4-Hour: 50 (94,300), 100 (94,000), 200 (93,800), 400 (93,600)
Weekly Pivots:
Pivot Point: 94,000 USD
Resistance: 95,500, 96,500 USD
Support: 93,000, 92,000 USD
Daily Pivots:
Pivot Point: 94,300 USD
Resistance: 95,000, 95,300 USD
Support: 94,000, 93,800 USD
Fibonacci Levels:
23.6%: 94,200 USD
38.2%: 93,800 USD
61.8%: 93,200 USD
Fundamental Analysis and Upcoming USD News
📈 Keep an eye on the upcoming USD news that may impact the BTCUSD market. Significant reports include the Non-Farm Payrolls and CPI data, which can lead to volatility in Bitcoin prices.
FAQs
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.
Which brokers are trusted for Gold Forex Crypto trading?
Based on client feedback, we recommend the following brokers:
How can I improve my trading skills?
Consider utilizing educational resources, webinars, and practice accounts to enhance your trading skills.
What is the best time frame for trading BTCUSD?
Both daily and 4-hour time frames are effective for trading Bitcoin, depending on your trading style.
Is it possible to trade BTCUSD on weekends?
Typically, BTCUSD trading is available 24/7, but it’s advisable to check with your broker for weekend trading options.
How often should I check my trading signals?
It’s recommended to check your trading signals at least once a day to stay updated on market movements.
Can I use these signals for other currency pairs?
Yes, while the focus is on BTCUSD, many strategies and indicators can be applied to other currency pairs.
What is the importance of using technical indicators in trading?
Technical indicators provide insights into market trends and potential reversal points, helping traders make informed decisions.
How do I manage risk in my trading?
Utilize stop-loss orders, take partial profits, and only trade with capital you can afford to lose.
Disclaimer
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.
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