Entry Price: 92,945 Stop Loss: 92,500 Take Profit 1: 93,500 Take Profit 2: 94,000
Reason for Entry:
The entry price of 92,945 is near a significant support level identified through daily Fibonacci retracement. The price action indicates a potential upward reversal, with the first target at 93,500 and the second target at 94,000. The stop loss is placed at 92,500 to effectively manage risk.
Trade Idea: Sell Intraday Trade Setup
Entry Price: 94,311 Stop Loss: 94,800 Take Profit 1: 93,800 Take Profit 2: 93,500
Reason for Entry:
The entry price of 94,311 aligns with a strong resistance level based on daily Fibonacci retracement levels. The market indicates a potential downward movement, with the first target at 93,800 and the second target at 93,500. The stop loss is set at 94,800 to control risk effectively.
Summary: BTCUSD is positioned at critical levels, with support at 92,945 and resistance at 94,311. The Buy Setup at 92,945 targets 93,500 and 94,000, while the Sell Setup at 94,311 targets 93,800 and 93,500. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
BTCUSD π BTCUSD 31st December 2024 Daily Analysis Based on Main Key Levels
In this analysis, we provide a comprehensive overview of BTCUSD as of December 31, 2024. The Daily Current Market Price (DCMP) for BTCUSD is 92,475. This serves as a critical reference point for identifying trading opportunities.
Summary of Analysis As of the current market price of 92,475, key resistance levels above this price include 98,138, 99,906, and 102,768. The support levels below this price are 92,414, 90,646, and 87,784. The swing high is at 99,881, and the swing low is at 90,646.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 92,141 Stop Loss: β 91,579 Take Profit 1: π― 92,475 Take Profit 2: π― 92,945
π Reason for Entry The price is approaching a key support level at 92,414, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 95,276 Stop Loss: β 96,521 Take Profit 1: π― 94,311 Take Profit 2: π― 93,906
π Reason for Entry Resistance at 95,276 suggests a potential selling opportunity, with targets set below this level.
Conclusion This analysis provides a concise overview of key levels and trade opportunities for BTCUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
Entry Price: 92,988 Stop Loss: 92,500 Take Profit 1: 93,500 Take Profit 2: 93,850
Reason for Entry:
The entry price of 92,988 is near a significant support level identified through daily Fibonacci retracement. The price action indicates a potential upward reversal, with the first target at 93,500 and the second target at 93,850. The stop loss is placed at 92,500 to manage risk effectively.
Trade Idea: Sell Intraday Trade Setup
Entry Price: 93,850 Stop Loss: 94,200 Take Profit 1: 93,000 Take Profit 2: 92,500
Reason for Entry:
The entry price of 93,850 aligns with a strong resistance level based on daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 93,000 and the second target at 92,500. The stop loss is set at 94,200 to control risk.
Summary:
BTCUSD is at critical levels, with support at 92,988 and resistance at 93,850. The Buy Setup at 92,988 targets 93,500 and 93,850, while the Sell Setup at 93,850 targets 93,000 and 92,500. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
Summary of Analysis As of the current market price of 93,091 on December 30, 2024, key resistance levels above this price include 95,276, 98,138, and 99,906. The support levels below this price are 92,414, 90,646, and 87,784. The swing high is at 108,364, and the swing low is at 92,118.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 92,414 Stop Loss: β 90,646 Take Profit 1: π― 93,091 Take Profit 2: π― 95,276
π Reason for Entry The price is approaching a key support level at 92,414, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 95,276 Stop Loss: β 98,138 Take Profit 1: π― 93,091 Take Profit 2: π― 99,906
π Reason for Entry Resistance at 95,276 suggests a potential selling opportunity, with targets set below this level.
Conclusion This analysis provides a crisp overview of key levels and trade opportunities for BTCUSD as of December 30, 2024. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
Trade Setup Entry Price: β¨ 93,380 Stop Loss: β 92,800 Take Profit 1: π― 94,000 Take Profit 2: π― 94,500
π Reason for Entry The entry at 93,380 is supported by strong daily support levels and a Fibonacci retracement zone, indicating a favorable buying opportunity.
π Sell Intraday Trade Setup
Trade Setup Entry Price: β¨ 94,929 Stop Loss: β 95,200 Take Profit 1: π― 94,500 Take Profit 2: π― 94,200
π Reason for Entry The entry at 94,929 coincides with significant daily resistance levels and a Fibonacci extension, suggesting a potential selling opportunity.
Summary of Analysis As of now, the BTCUSD market is positioned at 94,442. The key resistance level above this price is 98,527, while the support level below is 92,321. The swing high is at 108,364, and the swing low is at 92,118.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 92,321 Stop Loss: β 91,500 Take Profit 1: π― 93,500 Take Profit 2: π― 94,000
π Reason for Entry The price is approaching a key support level at 92,321, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 98,527 Stop Loss: β 99,000 Take Profit 1: π― 97,000 Take Profit 2: π― 96,000
π Reason for Entry Resistance at 98,527 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.
Conclusion This analysis offers a concise overview of key levels and trade opportunities for BTCUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights, and happy trading!