📊 BTCUSD 18th January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 103,627

📊 Key Levels Overview

Resistance Above DCMP: 107,702

Support Below DCMP: 103,292

Technical Analysis

📊 Swing High and Low Levels

Swing High: 109,320

Swing Low: 89,164

📈 Daily Support and Resistance Levels

Resistance Levels:

SELL/Resistance3: 107,702

SELL/Resistance2: 103,292

SELL/Resistance1: 100,568

Support Levels:

BUY/Support1: 91,747

BUY/Support2: 89,023

BUY/Support3: 84,612

📉 Pivot Levels

Pivot Level: 96,157

📊 Fibonacci Levels

Fibonacci retracement levels indicate potential reversal points, aligning with the resistance and support zones.

📊 Technical Indicators

RSI Divergence: Indicates potential overbought or oversold conditions.

MACD Crossing: Provides insights into potential momentum shifts.

Intraday Trade Setups

💼 Trade Idea: Intraday Buy Setup

🔹 Entry Price: ✨ 103,292

🔹 Stop Loss: ❌ 102,760

🔹 Take Profit 1: 🎯 103,600

🔹 Take Profit 2: 🎯 103,900

📌 Reason for Entry:

The entry price of 103,292 is positioned at a key support level below the DCMP. This level aligns with Fibonacci retracement levels, suggesting a favorable buying opportunity supported by bullish momentum.

💼 Trade Idea: Intraday Sell Setup

🔹 Entry Price: ✨ 107,702

🔹 Stop Loss: ❌ 108,300

🔹 Take Profit 1: 🎯 107,200

🔹 Take Profit 2: 🎯 106,800

📌 Reason for Entry:

The entry price of 107,702 is situated at a significant resistance level above the DCMP. This level aligns with Fibonacci extension levels, indicating a potential bearish reversal opportunity.

Summary

BTCUSD is currently trading at 103,627, with resistance identified at 107,702 and support at 103,292. The Intraday Buy Setup targets are set at 103,600 and 103,900, while the Intraday Sell Setup targets are at 107,200 and 106,800. These setups are based on key technical levels, confirmed by indicators and market analysis.