📊 BTCUSD 11th January 2025 Daily Analysis Based on Main Key Levels

In the dynamic world of cryptocurrency trading, identifying critical price levels is essential for making strategic decisions. This analysis focuses on BTCUSD, highlighting resistance and support levels, trade setups, and key technical indicators.

📊 Current Market Overview

Daily Current Market Price (DCMP): $94,081

🔍 Summary of Key Levels

Resistance Levels (Above DCMP):

🔴 Resistance 1: $95,606

🔴 Resistance 2: $96,448

🔴 Resistance 3: $99,115

Support Levels (Below DCMP):

🟢 Support 1: $93,281

🟢 Support 2: $91,479

🟢 Support 3: $88,562

🔍 Swing Levels

Swing High: $99,881

Swing Low: $91,315

Technical Analysis

The current market price of $94,081 is positioned between key resistance and support levels. Levels above the DCMP act as resistance, while levels below serve as support. Fibonacci retracement and extension levels align with these zones, offering additional confirmation of potential reversal points.

Daily Support and Resistance Levels:

Resistance Levels: $95,606, $96,448, $99,115

Support Levels: $93,281, $91,479, $88,562

Trade Setups

Intraday Buy Trade Setup

📍 Entry Price: $93,281

🛡️ Stop Loss: $91,479

🎯 Take Profit 1: $94,242

💰 Take Profit 2: $95,606

This setup focuses on the strong support level at $93,281, indicating a potential bounce upward toward the pivot and resistance levels.

Intraday Sell Trade Setup

📍 Entry Price: $96,198

🛡️ Stop Loss: $97,812

🎯 Take Profit 1: $95,606

💰 Take Profit 2: $94,242

This setup emphasizes the resistance level at $96,198, suggesting a potential rejection and downward movement toward the pivot and support zones.

Additional Technical Insights

Fibonacci Levels: Key retracement and extension levels align closely with the identified support and resistance zones, validating trade setups.

RSI Divergence: RSI is neutral, with no signs of overbought or oversold conditions.

MACD Crossing: Momentum remains slightly bearish, suggesting possible tests of lower support levels before any significant upward rally.

Conclusion

BTCUSD is trading near critical levels, with $93,281 acting as strong support and $96,198 as significant resistance. These levels offer structured opportunities for both buying and selling, depending on price action. By incorporating these insights into your strategy, you can make informed trading decisions with confidence.