BTCUSD 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 80,234

Price Context: BTCUSD trades above immediate support at 79,534 and below resistance at 85,043.

📊 Key Levels & Technical Snapshot

Resistance Levels (Above DCMP):

R3: 99,465 🔴

R2: 93,956

R1: 90,553 🎯

Support Levels (Below DCMP):

S1: 79,534 🎯

S2: 76,131

S3: 70,621

Swing High/Low:

Daily Swing High: 95,152

Daily Swing Low: 81,463

📈 Technical Analysis

1. Fibonacci Retracement:

Critical retracement zones align with S1 (79,534) and R1 (90,553), marking potential reversal areas.

2. Momentum Indicators:

RSI: Neutral with bearish divergence near overbought zones.

MACD: Bearish crossover below the signal line, signaling short-term downward momentum.

🚀 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 79,534 🎯

Stop Loss: 76,131 🛑

Take Profit 1: 82,514 ✅

Take Profit 2: 84,074 ✅

Rationale: Strong confluence at S1 (79,534) with bullish reversal signals on MACD.

Trade Idea 2: Intraday Sell

Entry: 85,043 🎯

Stop Loss: 86,601 🛑

Take Profit 1: 82,514 ✅

Take Profit 2: 79,987 ✅

Rationale: R1 (85,043) aligns with weekly resistance and bearish RSI divergence.

⚠️ Risk Management Tips

Monitor price action near swing high (95,152) and low (81,463) for trend confirmation.

Tighten stop losses if volatility increases post-key macroeconomic announcements.

Conclusion

BTCUSD remains range-bound between 79,534–85,043. Prioritize intraday trades at tested support/resistance levels with strict risk controls. Watch for breaks beyond swing levels (95,152/81,463) for trend shifts.