📈 BTCUSD 17th March 2025 Daily Analysis: Strategic Trade Setups Based on Key Levels

Current Market Snapshot

Daily Current Market Price (DCMP): 83,212

Key Levels Summary

Above DCMP (Resistance):

🛑 Resistance 3: 86,275

🎯 Resistance 2: 85,100

🚨 Resistance 1: 84,374

Below DCMP (Support):

🛑 Support 1: 82,024

🎯 Support 2: 81,298

🚨 Support 3: 80,123

Swing Levels (Daily/4H):

🚩 Swing High: 95,152

🚩 Swing Low: 81,463

Technical Analysis Breakdown

Pivot Levels:

Weekly Pivot: 81,483

Daily Pivot: 83,199

Fibonacci Retracement:

Pullbacks from Swing High (95,152) to Swing Low (81,463) highlight critical zones near 81,298–83,212 for potential reversals.

Momentum Indicators:

RSI: Neutral with bullish divergence on lower timeframes.

MACD: Histogram flattening, suggesting a potential bullish crossover.

Swing Trade Setups

Trade Idea 1: Intraday Buy

📍 Entry Price: 81,483 (Weekly Pivot)

🛑 Stop Loss: 80,123 (Below Support 3)

🎯 Take Profit 1: 83,199 (Daily Pivot)

🚀 Take Profit 2: 84,374 (Resistance 1)

Rationale: Price holding above weekly pivot aligns with bullish MACD crossover and Fibonacci support near 81,298–82,024.

Trade Idea 2: Intraday Sell

📍 Entry Price: 84,804 (Weekly Resistance 1)

🛑 Stop Loss: 86,275 (Above Resistance 3)

🎯 Take Profit 1: 83,212 (DCMP)

🚀 Take Profit 2: 81,483 (Weekly Pivot)

Rationale: Resistance confluence at 84,374–85,100 paired with bearish RSI divergence.

Conclusion

BTCUSD remains range-bound between 80,123–86,275, with pivots acting as critical reversal zones. Trade setups prioritize Fibonacci retracements, pivot reactions, and momentum shifts. Tight risk management is advised due to mixed signals on higher timeframes.