BTCUSD ๐ BTCUSD Daily Analysis Based on Main Key Levels
Daily Current Market Price (DCMP): 96,440
The price of BTCUSD is currently trading below immediate resistance at 96,365 and above critical support at 94,359.
๐ Key Technical Levels
Resistance Levels (Sell Zones):
R3: 101,145 R2: 99,319 R1: 98,191
Support Levels (Buy Zones):
S1: 94,359 S2: 93,411 S3: 91,585
Swing High: 98,871 | Swing Low: 93,340
๐ Technical Indicators
RSI: Neutral with slight bearish divergence. MACD: Bearish crossover observed on the 4H timeframe.
๐ก Trade Setups
Intraday Buy Setup (Support-Based)
Entry: ๐ฏ 94,359 Stop Loss: ๐ 93,340 (Swing Low) Take Profit 1: โ 95,018 Take Profit 2: โ 96,815
Rationale: Price retesting the weekly pivot support (S1) with RSI oversold signals.
Intraday Sell Setup (Resistance-Based)
Entry: ๐ฏ 96,365 Stop Loss: ๐ 98,191 (R1) Take Profit 1: โ 95,018 Take Profit 2: โ 93,908
Rationale: Rejection at daily pivot resistance (R1) with MACD bearish momentum.
๐ Strategic Insights
Above DCMP: Resistance at 96,365 acts as a sell zone. Below DCMP: Support at 94,359 offers a buy opportunity. Risk Management: Tight stop losses aligned with swing levels.
Conclusion ๐
BTCUSD remains range-bound between 94,359 (support) and 96,365 (resistance). Trade setups favor short-term reversals at these key levels. Always use stop losses to mitigate volatility risks!
61.8% retracement aligns with 94,359 support. RSI: Neutral at 54, no divergence observed. MACD: Bearish crossover forming near 96,365 resistance.
๐ผ Trade Setups
๐ข Intraday Buy Setup
Entry: 94,359 ๐ฏ Stop Loss: 91,585 โ Take Profit 1: 95,464 โ Take Profit 2: 96,173 โ
Rationale: Strong bounce expected at Fib-backed support with bullish RSI momentum.
๐ด Intraday Sell Setup
Entry: 96,365 ๐ฏ Stop Loss: 98,191 โ Take Profit 1: 95,027 โ Take Profit 2: 94,318 โ
Rationale: Rejection likely at pivot resistance with MACD bearish signal.
โ ๏ธ Risk Management
Maintain 1:2 risk-reward ratio. Avoid trading during extreme volatility. Adjust position size based on stop distance. Key Swing Levels: High at 106,447 | Low at 91,530
๐ Analysis combines price action, Fibonacci retracements, and momentum indicators for tactical trade execution.