Pivot Levels: Weekly pivot at 100,097 acts as a major resistance. Fibonacci Levels: Retracement from swing high (106,447) to low (97,750) highlights 96,170β100,256 as key Fib zones. RSI: Neutral at 48, no divergence observed. MACD: Histogram flattens near zero, suggesting consolidation.
Trade Setups π‘
1οΈβ£ Intraday Buy
Entry: 96,170 π― Stop Loss: 95,733 π Take Profit 1: 97,461 β Take Profit 2: 98,333 β
Rationale: DCMP aligns with BUY/Support1 (96,170), offering a high-probability long entry.
2οΈβ£ Intraday Sell
Entry: 100,097 π― Stop Loss: 100,256 π Take Profit 1: 99,188 β Take Profit 2: 97,750 β
Rationale: Weekly pivot (100,097) coincides with SELL/Resistance1, creating a shorting opportunity.
Final Thoughts π¬
BTCUSD remains range-bound between 96,170 and 100,256. Use the Intraday Buy setup on dips toward support and the Intraday Sell setup near resistance for optimal risk-reward. Monitor MACD for crossover signals! π
RSI divergence signals potential reversal near key pivots. MACD crossover aligns with Fib extension zones. Fib Levels: Price action respects Fib retracement at 96,170 (38.2%) and 100,097 (61.8%).
π‘ Trade Setups
π Intraday Buy Trade
Entry Price: π’ 96,170 Stop Loss: π΄ 95,088 Take Profit 1: π‘ 98,573 Take Profit 2: π 100,097
Rationale: DCMP consolidates above 96,170, supported by Fib confluence and bullish MACD momentum.
π Intraday Sell Trade
Entry Price: π΄ 100,097 Stop Loss: π’ 102,057 Take Profit 1: π‘ 98,573 Take Profit 2: π 96,419
Rationale: Strong resistance at 100,097 (weekly R1) with overbought RSI suggesting downside potential.
π Final Insights
Critical Zones: Watch 96,170 (buyersβ defense) and 100,097 (sellersβ barrier). Fundamental Catalyst: Regulatory news and ETF inflows may drive volatility.