📈 BTCUSD 20th March 2025 Daily Analysis Based on Main Key Levels

The Daily Current Market Price (DCMP) for BTCUSD stands at 85,811. Below and above this level, we identify critical support and resistance zones that will guide our intraday trading strategy. Here’s a crisp and accurate analysis of the key levels and trade setups.

Key Levels Summary 🎯

Below DCMP (85,811): Support Levels

BUY/Support1: 83,784

BUY/Support2: 82,736

BUY/Support3: 81,039

Above DCMP (85,811): Resistance Levels

SELL/Resistance1: 87,179

SELL/Resistance2: 88,227

SELL/Resistance3: 89,925

Swing High & Low

Swing High (Daily): 95,152

Swing Low (Daily): 81,463

Technical Indicators 📊

RSI Divergence: Neutral, indicating no clear overbought or oversold conditions.

MACD Crossing: Slight bearish crossover, suggesting potential short-term downward pressure.

Fibonacci Levels: Key retracement levels align with support and resistance zones, reinforcing their significance.

Trade Setups 💡

Intraday Buy Trade Setup

Entry Price: 🎯 84,804

Stop Loss: 🛑 83,500

Take Profit 1: 🎯 85,811

Take Profit 2: 🎯 86,856

Rationale: The price is near the BUY/Support1 level (83,784), which aligns with the weekly pivot (84,804). This setup offers a favorable risk-reward ratio.

Intraday Sell Trade Setup

Entry Price: 🎯 86,856

Stop Loss: 🛑 88,000

Take Profit 1: 🎯 85,811

Take Profit 2: 🎯 84,804

Rationale: The price is near the SELL/Resistance2 level (88,227), which acts as a strong resistance zone. This setup capitalizes on potential downward momentum.

Conclusion 🏁

BTCUSD’s current price action is consolidating around key levels, offering clear intraday trading opportunities. The Intraday Buy setup at 84,804 and the Intraday Sell setup at 86,856 are both well-defined with tight stop losses and achievable take profit targets. Always monitor price action and adjust strategies accordingly.