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🟡 BTCUSD Daily Market Analysis—May 7, 2025 by Kohinoor Free VIP Signals
- Kohinoor Free VIP Trading Signals
- 5 days ago
- 3 min read
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Market Overview
As of today, the current live price of BTCUSD is 96,439 USD. In this analysis, we will dive deep into the daily and 4-hour time frames, utilizing various technical indicators to forecast potential market movements.
Key Levels
Daily Support and Resistance
Support Levels:
95,000 USD
94,500 USD
Resistance Levels:
97,000 USD
98,000 USD
4-Hour Support and Resistance
Support Levels:
95,500 USD
Resistance Levels:
96,800 USD
Exponential Moving Averages (EMA)
Daily EMA Levels
EMA 50: 95,800 USD
EMA 100: 95,200 USD
EMA 200: 94,700 USD
EMA 400: 93,500 USD
4-Hour EMA Levels
EMA 50: 96,200 USD
EMA 100: 95,900 USD
EMA 200: 95,600 USD
EMA 400: 95,300 USD
Weekly Pivots
Pivot 1: 96,500 USD
Pivot 2: 95,800 USD
Pivot 3: 95,200 USD
Daily Pivots
Pivot 1: 96,700 USD
Pivot 2: 96,300 USD
Pivot 3: 95,900 USD
Fibonacci Retracement Levels
Using the daily swing high and low, the Fibonacci levels are as follows:
23.6% Level: 96,200 USD
38.2% Level: 95,800 USD
61.8% Level: 95,000 USD
Technical Analysis
Exponential Moving Averages (EMA)
The EMAs provide insight into the trend direction. The EMA 50 is above the EMA 100, indicating a bullish trend. The EMA 200 and EMA 400 levels further confirm this upward momentum.
RSI Divergence
The Relative Strength Index (RSI) is currently at 65, suggesting that BTCUSD is nearing overbought territory. Traders should be cautious of potential pullbacks in the coming sessions.
Order Blocks
Recent order blocks indicate strong buying interest around 95,500 USD, while selling pressure can be observed around 97,500 USD. These levels are critical for setting up trades.
MACD Analysis
The Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating potential upward movement. The MACD line is above the signal line, reinforcing the bullish sentiment.
Summary of Key Levels
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Key Levels
Daily Support and Resistance:
Support: 95,000 USD, 94,500 USD
Resistance: 97,000 USD, 98,000 USD
4-Hour Support and Resistance:
Support: 95,500 USD
Resistance: 96,800 USD
Exponential Moving Average (EMA) Levels:
Daily EMA Levels: 95,800 USD, 95,200 USD, 94,700 USD, 93,500 USD
4-Hour EMA Levels: 96,200 USD, 95,900 USD, 95,600 USD, 95,300 USD
Weekly Pivots:
Pivot 1: 96,500 USD
Pivot 2: 95,800 USD
Pivot 3: 95,200 USD
Daily Pivots:
Pivot 1: 96,700 USD
Pivot 2: 96,300 USD
Pivot 3: 95,900 USD
Fibonacci Retracement Levels:
23.6%: 96,200 USD
38.2%: 95,800 USD
61.8%: 95,000 USD
Fundamental Analysis and Upcoming USD News
📈 In the upcoming week, key USD news events such as the Non-Farm Payrolls (NFP) and Consumer Price Index (CPI) will likely impact the BTCUSD market. These reports could lead to increased volatility, making it crucial for traders to stay informed.
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. Learn more here.
Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend:
What are the benefits of using Forex signals? Forex signals can help traders identify potential trading opportunities and save time in market analysis.
How do I start trading BTCUSD? Begin by choosing a reliable broker, funding your account, and using trading signals for informed decision-making.
What is the best time frame for trading BTCUSD? Many traders prefer the 4-hour and daily time frames for BTC trading to capture significant price movements.
How can I manage risk while trading BTCUSD? Use strict stop-loss orders, take partial profits, and never risk more than you can afford to lose.
What is the significance of EMA in trading? EMAs are used to identify trends and potential reversal points in the market.
Are there any free educational resources for trading? Yes! Check out our Free Gold Forex Trading Ebooks and Free Kohinoor Free VIP Signals Education Articles & Blog.
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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